The Invisible Hand of Leadership
Leadership
“Setting oneself on a predetermined course in unknown waters is the perfect way to sail straight into an iceberg.” Henry Mintzberg
Adam Smith, often cited as the father of modern capitalism, introduced the idea of an economic “invisible hand” that helps demand and supply in a free market to reach equilibrium. Smith argued that market forces naturally do the necessary work to keep economies in balance. One of the great debates among economists is how much economic intervention is healthy and necessary. At what point do government policies bolster and at what point…
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