2 Matching Annotations
- Jan 2021
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library.oapen.org library.oapen.org
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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.
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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'
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