Hacker News new | past | comments | ask | show | jobs | submit login

"Invisible hand" refers to the idea that each individual pursuing unencumbered their own best interest results in the best for society in general, as if there were an invisible intelligent force acting in society's interests. [1]

In a free economy, a monopoly can be contrary to this idea, as it can result in a suboptimal state for society, as if there were no overall-optimizing invisible hand.

[1] https://en.wikipedia.org/wiki/Invisible_hand




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: