adam smith's invisible hand
1 episode mention this concept
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Related concepts
Concepts that appear alongside adam smith's invisible hand across episodes.
- fairness argument
- utilitarian argument
- market mechanism
- willingness to pay
- price gouging
- productivity
- greed
- social solidarity
- ticket scalping
- transfer system
- utility functions
- progressive income tax
- luxuries
- moral repugnance
- market failure
- externalities
- market equilibrium
- allocation of goods
- efficiency argument
- medical need