Monday, August 6, 2018

Invisible Hand and Cosmo-Economics

The general acceptance of the premise of the existence of forces inhering in Market activity is clearly reflected in the common practice of using complex algorithms by investors.  Now, the formal structure of such forces and their effects is Synthesis, ranging over a manifold of transactions.  But, entailed in that structure is no delimitation of its scope.  Accordingly, a 'market correction', e. g. a drop in the Dow Jones Average, entails the possibility that the implied inhering force transcends the particular trend, in a particular market, at a particular time.  In other words, it entails the possibility that Market activity is governed as a whole by some ultimate force.  Thus, for example, if there is an Invisible Hand, then its scope must be global and ongoing, not merely National and temporary, as Smith seems to attribute to it.  But, if such a force exists, then Economics is fundamentally Cosmo-Economics, a Holist inversion of prevailing Atomism, calling into question the Egoist premises of Capitalism, as has been previously discussed.

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