Question
Explain the invisible hand metaphor that is used in economics and discuss its use in real life. Is the invisible hand always accurate? Discuss situations
Explain the "invisible hand" metaphor that is used in economics and discuss its use in real life.
Is the "invisible hand" always accurate? Discuss situations when it may fail.
How can you relate the "invisible hand" and multi-level selection theory to discuss the limitations or capabilities of the metaphor?
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
