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Lord Aeck Sargent

Lord Aeck Sargent

Lord Aeck Sargent is tagged in 1 stories.
Lord Aeck Sargent Marks a Decade of Action on Carbon Emissions
Lord Aeck Sargent Marks a Decade of Action on Carbon Emissions

1 year ago - Published during the first industrial revolution, Adam Smith’s The Wealth of Nations used the metaphor of “the invisible hand of the market” to describe how the decisions of self-interested individuals in a free market economy could promote the general betterment of the society as a whole. To this day, free market proponents use Smith’s metaphor to argue for elimination of regulations for a more efficient economy. But the “invisible hand” only makes societally beneficial decisions to the extent that it has good information.

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