Society, Politics & Law
60 second adventures in economics: The Invisible Hand
...Hayek, argued that this ʻhands offʼ approach actually works better than any kind of central plan. But the problem is, economies can take a long time to reach their ʻequilibriumʼ, and may even stall along the way. And in the meantime people can get a little frustrated, which is why governments usually end up taking things into their own more visible hands instead....
