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The Fallacy of the Invisible Hand

Probably the most recognized economist in the word, (past, or present) are John Maynard Keynes, and Adam Smith. Smith was responsible for the invisible hand theory which stated that if an individual looked out for their own self-interest, then they would inadvertently help out the community and the individuals. 342 more words


More Modern, More Civilized?

It has been over 600 years since the passing of the dark ages, and civilization has seen a lot of advancements: exploration of new continents, more books that bought knowledge to more people, people talking to others in different countries thanks to the telegraph, then the telephone, and now cell phones and computers. 605 more words