Research

The Need for a Visible Hand: The Irrelevance of the Invisible Hand

In one of the most original papers published in Challenge, Hendrik Van den Berg and Matthew Van den Berg try to determine whether markets are really complete enough to make the invisible hand a relevant concept. They attempt to calculate what proportion of our transactions does qualify. Some might disagree with how they do this, but their effort is worth scrutiny.

Publication Information
Article Title: The Need for a Visible Hand: The Irrelevance of the Invisible Hand
Journal: Challenge (2012)
55(4), 24-49, DOI: 10.2753/0577-5132550402
Author(s): van den Berg, Hendrik;  van den Berg, Matthew
Researcher Information
    
van den Berg, Hendrik
van den Berg, Hendrik
Emeritus
Expertise:
  • Economic Development
  • Heterodox Economics
  • International Finance
  • Open-Economy Macroeconomics
Economics
CBA 350
P.O. Box 880489
University of Nebraska-Lincoln
Lincoln, NE 68588-0489, USA
Phone: (402) 202-6997
Fax: (402) 472-9700
hvan-den-berg1@unl.edu