@CobaltVelvet Like #EkHunt says the economy as modeled and shaped now is based on #TheInvisibleFoot not #TheInvisibleHand ..

> .. The "invisible foot" ensures us that in a free-market ... economy each person pursuing only his own good will automatically, and most efficiently, do his part in maximizing the general public misery.
https://zcomm.org/wp-content/uploads/zbooks/www/books/3/3.htm#3.2.1
#InvisibleFoot #PublicMisery #FreeMarkets #RobertDArge #EKHunt

> .. each man will soon discover that through contrivance he can impose external diseconomies on other men, knowing that the bargaining within the new market that will be established will surely make him better off. The more significant the social cost imposed upon his neighbor, the greater will be his reward in the bargaining process.. D'Arge and I have labeled this process "the invisible foot" of the laissez faire .. market place.
https://zcomm.org/wp-content/uploads/zbooks/www/books/3/3.htm#3.2.1
#EKHunt #InvisibleFoot #LaisessFaire

> The darker side of market incentives has been neglected and underestimated. Two modern exceptions are Ralph d’Arge and E.K. Hunt, who coined the less famous but equally appropriate concept, “invisible foot” to describe the socially counter-productive behavior of foisting costs onto others that markets also promote.
https://zcomm.org/wp-content/uploads/zbooks/htdocs/books/pareconv/Chapter3.htm
#EKHunt #InvisibleFoot #Market #Economics #ParEcon #ParticipatoryEconomics of #MichaelAlbert and #RobinHahnel

There should be a book with the title

The Big Attitudes directing the Invisible Feet: Billionaire Prop

It could explain away all the interviews and other events by Musk, Trump, Bezos, the Starbucks guy, the VIrgin Airlines guy and all these other people you want to ignore but they keep imposing themselves into your attention...

#EKHunt's #TheInvisibleFoot model for explaining markets just as well as the #InvisibleHand could tie the study together.

AI is Progress,
Progess is A LIe.

See #DavidNoble #ProgressWithoutPeople

There is always someone making decisions and choices somewhere, the magic words like progress, 'invisible hand' ( #EKHunt is more accurate with 'inivisibl foot', See #MichaelAlbert and #RobinHahnel's #QuietRevolutioninWelfareEconomics ), 'free markets' just hide the responsibility.