Economic theory

Economic theory (2)

1

The invisible hand of the market that Adam Smith referred in his famous book “An Inquiry into the Nature and Causes of the Wealth of Nations” but also “the invisible hand of Jupiter” in “History of Astronomy” is today is one of the best known and mystified metaphors of economic liberalism.

1

It is a clear watermark seen that the future prospects of theoretical and empirical developments in the IDE that they will focus, in short run, on the game theory, given the dominance of the oligopolistic market structure due to the relatively small number of important stakeholders (whose work has a direct impact on other stakeholsders) where the relevance of the explanatory power of the game theory.