From: Ian Goddard (Ian@Goddard.net)
Date: Wed Jan 20 1999 - 18:55:58 MST
At 12:10 PM 1/20/99 -0700, Freehand wrote:
>Smith's "invisible hand" is a metaphor. The utilization
>of a metaphor to "explain" some phenomenon, does not
>imply the existence of an entity.
IAN: That "the invisible hand" is a metaphor
also does not mean society does not function
as a collective entity, so no point is made.
In fact, the utility of the metaphor in this
case exactly expresses the fact that society
really does operate as if it were "one hand."
It's the failure of central planners to perceive
the social entity, how it communicates with it-
self (supply/demand pricing) and such, that is
why they assume someone needs to plan for it.
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