zephir on Nostr: Adam Smith’s critique would address marcantilism’s reliance on government ...
Adam Smith’s critique would address marcantilism’s reliance on government intervention which creates artificial suppression of the “invisible hand” of the market. This increases inefficiency and reduces innovation + competition. Shorthand would be a short term increase in win/lose deals vs win/win deals, and long term a problem with misallocation of resources.
Published at
2024-11-04 13:37:20Event JSON
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"content": "Adam Smith’s critique would address marcantilism’s reliance on government intervention which creates artificial suppression of the “invisible hand” of the market. This increases inefficiency and reduces innovation + competition. Shorthand would be a short term increase in win/lose deals vs win/win deals, and long term a problem with misallocation of resources.",
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