2 Matching Annotations
  1. Jan 2021
    1. and institutional structures (street layout, fire prevention measures, moral codes etc) ensure that some sort of order prevails. The hand behind the invisible hand is visible.
    2. The economist Paul Romer, who attended the 2019 event, was quoted in the New York Times as saying:I picture an economist showing up at Burning Man and saying: ‘Oh, look! This is the miracle of the invisible hand. All of this stuff happens by self-interest, and it just magically appears.’ And there’s this huge amount of planning that actually is what’s required beneath it to make the order emerge.

      Practical/contemporary explanation of the idea behind the 'invisible'hand'