for the financialization of america wasn’t dictated by the invisible hand of the market.
因为,美国的金融化并不是市场这只看不见的手所决定的。
the problem, according to this view, is that taxes distort the price signals through which the invisible hand guides resources to their best destinations.
reason convinced him in particular that adam smith was right, that through its invisible hand the market benefited profit-seeking individuals (of whom he was one) and society alike.
destiny's invisible hand moving pieces on a chessboard.
命运无形的手在命运的棋盘上操控。
that simple example captures the classic breakdown in the invisible hand when a product’s market price doesn’t reflect all its relevant social costs and benefits.
这个简单的例子显示了当市场价格无法準确反映与产品相关的社会成本和收益时,看不见的手就失效了。
the celebrated invisible hand theory that smith developed holds that unfettered markets will ultimately channel self-interest to serve the common good.