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An Evolutionary Economic Paradigm, with David Sloan Wilson

Musing Mind Podcast

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The Invisible Hand - Is There a Guaranteed Evolution?

Oshan: Adam Smith's theory of The Invisible Hand is that if we maintain correct market conditions, the economy will self-organize. He says evolutionary science has flatly denied that and showed it to be a managed process. Oshan: But yet there is a version of The Invisible hand that's invisible - you do not have to have the welfare of the whole system in mind when designing systems.

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