Stanislaw Szydlo

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—The recent economic crisis has boosted a very strong demand for quite new tools to analyze and predict the behavior of quasi-free 1 markets. The paper presents our effort to build a formal theory of A. Smith's Invisible Hand [5] paradigm (ASIH) and simulation model for a selected case. It proves that ASIH is not only an economic idea, which conflict on(More)
In 1759 A. Smith had coined the term " Invisible Hand ". This metaphor became one of the most important principles in today's macroeconomics. It is also a " powerful ideological " concept, perhaps a key one in the dispute on how free markets should be governed: should they be managed by politicians and economists, or should they be left to self-regulation.(More)
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