Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: js1138
Interesting screen name. Darwin got his idea fro natural selection for the economics of the invisible hand. It convinced him that just as unplanned economies produce the best results, natural selection produces the most robust biological designs.

And of course it has never been said that the discerning of an Invisible Hand at work in the affairs of men precludes any planning or cooperation on thier part. Rather, the division of labor, and the distribution of goods and services require a great deal of planning on the part of the individuals who are engaged in the various component activities that make up the whole.

77 posted on 08/15/2005 2:20:37 AM PDT by the invisib1e hand (see my FR page for a link to the tribute to Terri Schaivo, a short video presentation.)
[ Post Reply | Private Reply | To 39 | View Replies ]


To: the invisib1e hand

You miss Adam Smith's point. Individual's plan for their on benefit, but contribute to something greater. the economy as a whole is unplanned.

In the case of livng things, each individual works for its own survival, and in doing so contributes to the design of populations. It is the population that evolves, not the individual.

You might check this out:

http://www.dailyspeculations.com/derosa/derosareview051303.html


81 posted on 08/15/2005 6:20:24 AM PDT by js1138 (Science has it all: the fun of being still, paying attention, writing down numbers...)
[ Post Reply | Private Reply | To 77 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson