Follow Us:

Tag: Adam Smith

3 Results

  • Why Economics Must Change

    Why Economics Must Change

    There exists a serious disconnect between abstract economic theory, and real world experiences, simply because over centuries, economists have been obsessed with formalising Adam Smith’s proposition of an invisible hand – at the most redefining its contours and expanding its realm, but sticking to its basic tenets.

    February 17, 2020
  • Regulating The Robot Cartels

    Regulating The Robot Cartels

    The advent of Big Data analytics has had a tremendous say in the operation and importantly the prices at which many services operate in the 21st-century economy.

    July 4, 2019
  • Towards an ‘economic ice age’

    Towards an ‘economic ice age’

    Adam Smith, the 18th century father of modern economics, said that the very motivation of the participants in a market — to seek their own gain — itself impels them to action that leads to better distribution of goods and prices for the consumer. At a more mechanical level, the molecules of a gas, which …

    April 25, 2017