Peter Foster: Why We Bite the Invisible Hand
The Psychology of Anti-Capitalism
Peter Foster: Why We Bite the Invisible Hand, The Psychology of Anti-Capitalism
In Why We Bite the Invisible Hand, Peter Foster delves into a conundrum: How can we at once live in a world of expanding technological wonders and unprecedented well-being, and yet hear a constant drumbeat of condemnation of the system that created it? That system, capitalism, which is based on private property and voluntary dealings, is guided by the “Invisible Hand,” the metaphor for economic markets associated with the great Eighteenth Century Scottish philosopher Adam Smith. Welcome to CFP’s Comment Section!
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