Revisiting the ‘invisible hand’ hypothesis: a comparative study between Bulgaria and Germany
This paper examines Adam Smith’s concept of an Invisible Hand of the market in light of the underlying assumptions for the theory to hold. Furthermore, the study focuses on Total Factor Productivity as a measure of efficiency of resource allocation, and employs growth accounting in Bulgaria relative...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Alexandru Ioan Cuza University of Iasi
2017-06-01
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| Series: | Eastern Journal of European Studies |
| Subjects: | |
| Online Access: | http://ejes.uaic.ro/articles/EJES2017_0801_GES.pdf |