6min chapter

A History of Ideas cover image

Economist Kate Barker on the Free Market

A History of Ideas

CHAPTER

The Importance of Producer Power in Markets

Christine Tacon is the groceries coder-judicator. She says Adam Smith would have approved of her role as an 'invisible hand' The 18th century thinker was concerned about producer power and fair competition. But he also thought that markets should work well for all, not just a select few.

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