Asleep at the Switch

Colin Read
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Colin Read: SUNY College at Plattsburgh

Chapter 19 in Global Financial Meltdown, 2009, pp 149-157 from Palgrave Macmillan

Abstract: Abstract Our central premise so far is one of enlightened capitalism. This notion recognizes the uncanny ability of self-interested individuals to make superior market decisions. This flow of resources to their most profitable employment is the “invisible hand” that has enamored economists since Adam Smith in 1776. If markets are so clever, why do we need regulation or government?

Keywords: Public Good; Financial Market; Housing Price; Private Provider; Market Abuse (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59518-7_19

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DOI: 10.1057/9780230595187_19

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