How to Construct a New Invisible Hand: A Conversation with Peter Barnes


Evonomics has the article How to Construct a New Invisible Hand: A Conversation with Peter Barnes.

A middle path between laissez faire and centralized planning.

When I say I believe in ‘what worksism”, another way to say it is a middle path. Don’t interpret middle path too literally. If it works and it is not an amalgam of two existing paths, I’d take that, too.

PB: Yes. I don’t think markets, at least as currently constituted, can self-regulate for the common good, nor do I think governments can plan, much less administer, a vast dyna­mic economy. So we need something in the middle.

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