The Invisible Hand: economic, religious, or mystical concept? w/ Dan Sanchez, FEE - EP185

<p>The Foundation for Economic Education’s Dan Sanchez argues that the invisible hand is a legitimate economic concept and not a religious or mystical one, as some critics of economics claim. Dan and show host Gene Tunny discuss the efficient organization of economic activities by the market mechanism in a decentralized way, without the need for a central planner. The conversation turns to TikTok and economic engagement with China. </p><p>Please get in touch with any questions, comments and suggestions by emailing us at <a href="mailto:contact@economicsexplored.com">contact@economicsexplored.com</a> or sending a voice message via <a href="https://www.speakpipe.com/economicsexplored">https://www.speakpipe.com/economicsexplored</a>. </p><h3>What’s covered in EP185</h3><ul><li>Introduction to this episode [0:06]</li><li>Dan’s article on the “invisible hand” [2:06]</li><li>The production of a pencil is like an orchestra without a conductor [5:25]</li><li>Is the invisible hand the hand of God? [8:34]</li><li>What is the problem with central planning? [12:27]</li><li>Central planners don’t like the idea of economic laws because they circumscribe their utopian dreams [15:45]</li><li>Dan’s views on big tech [19:23]</li><li>Is there a case for regulation or a ban on TikTok? [23:32]</li></ul><h3>Links relevant to the conversation</h3><p>Dan’s bio: <a href="https://fee.org/people/dan-sanchez/">https://fee.org/people/dan-sanchez/</a></p><p>Dan’s Twitter handle: @DanSanchezV</p><p>Dan’s article on “How Atheist Anti-Capitalists miss the point”:</p><p><a href="https://fee.org/articles/how-atheist-anti-capitalists-miss-the-point/">https://fee.org/articles/how-atheist-anti-capitalists-miss-the-point/</a></p><p>Von Mises book on the economic calculation problem</p><p><a href="https://mises.org/library/economic-calculation-socialist-commonwealth">https://mises.org/library/economic-calculation-socialist-commonwealth</a></p><p>Article about problems with Soviet shoe production:</p><p><a href="https://www.econlib.org/archives/2009/09/