“Disrupting the Invisible Hand”

Thoughts on a Free Market Economy…

“Disrupting the Invisible Hand”

By Phyllis Hunsinger

June 1, 2020

            Adam Smith identified and named the concept “the invisible hand” in his book, “The Wealth of Nations.”  The “invisible hand” that is the driving force in a market economy is each individual promoting his or her self-interest.  Consumers aim to get the greatest satisfaction from their budgets; entrepreneurs try to achieve the highest profits for their firms; workers want the highest possible wages and salaries; and, owners of property resources attempt to …

Read More »

Economic Lessons via COVID

Thoughts on a Free Market Economy…

“Economic Lessons via COVID-19”

By Phyllis Hunsinger

May 1, 2020

            In the middle of a world pandemic, rarely is anything identified as a teaching moment; however, after this virus crisis is positioned in the rear view mirror, there will be an acknowledgment of lessons learned.  Every segment of society in the U.S. and around the world has been impacted by COVID-19.

            Schools were as ill-equipped to survive in these challenging times as any other industry or business.  Teachers had to be trained …

Read More »