Almost a year ago, on May 20, 2015, to be exact, I wrote a column supporting the construction of a new Aspen city hall. My position on the matter has not changed, but a year has gone by, and the city ...

New socioeconomic research has found that a market disruptor has turned the 'invisible hand' theory on its head. Traditionally, many economists presume markets are influenced by the "invisible hand" ...

Adam Smith has become the symbol of American capitalism, a champion of free trade and a free market. But it wasn’t always that way. In fact, it sometimes seems as if capitalism and America share the ...

The invisible hand is a concept introduced by economist Adam Smith. It refers to the self-regulating nature of markets where ...

[Editors Note: Project of the Week is presented in partnership with Blackmagic Design, one of the world’s leading innovators and manufacturers of creative video technology.] The winning filmmaker will ...

Transaction cost theorists have generally neglected to consider the implications that the invisible hand of the market mechanism can have for the risk of opportunism. In the long run, the invisible ...