Showing 1 - 2 of 2
The strong invisible hand theorem says there is emergent order in human affairs. Adam Smith and F. Hayek described it; Armen Alchian gave the evolutionary proof. He showed that profit maximization is an emergent property of evolution when survival depends on positive profits. The author extends...
Persistent link: https://www.econbiz.de/10005746691
Persistent link: https://www.econbiz.de/10009215838