It [market fundamentalism] was sold by Thatcher in the UK and by Reagan in the USA. It made reference to some old ideas in economics, specifically to Adam Smith’s notion of the invisible hand, which is the argument that firms who pursue their self-interest and the maximization of profits would lead, as if by an invisible hand, to general societal well-being.

Stiglitz, D. Joseph: Moving beyond Market Fundamentalism to a More Balanced Economy (2009)

  • Agent
  • Semester
    Repetition/Difference
  • Media
  • Type
    Book
  • Uploaded by
    Martin, Juliette & Müller, Leo
  • Uploaded on
    211116