Adam Smith : the invisible hand or confidence

Fil: Gache, Fernando Luis. Universidad Tecnológica Nacional. Facultad Regional Buenos Aires. Subsecretaría de Posgrado y Vinculación con la Investigación; Argentina.

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Autores principales: Gache, Fernando Luis, Otero, Dino
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración 2021
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Acceso en línea:https://hdl.handle.net/20.500.12219/4754
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id I77-R195-20.500.12219-4754
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spelling I77-R195-20.500.12219-47542023-10-22T22:57:23Z Adam Smith : the invisible hand or confidence Gache, Fernando Luis Otero, Dino Confidence Crisis Adam Smith Invisible hand Fil: Gache, Fernando Luis. Universidad Tecnológica Nacional. Facultad Regional Buenos Aires. Subsecretaría de Posgrado y Vinculación con la Investigación; Argentina. Fil: Otero, Dino. Universidad Tecnológica Nacional. Facultad Regional Buenos Aires. Subsecretaría de Posgrado y Vinculación con la Investigación; Argentina. In 1776 Adam Smith raised the matter that an invisible hand was the one which moved the markets to obtain its efficiency. Despite in the present paper we are going to raise the hypothesis, that this invisible hand is in fact the confidence that each person feels when he is going to do business. That in addition it is unique, because it is different from the confidence of the others and that is a variable nonlinear that essentially is ligatured to respective personal histories. For that we are going to take as its bases the paper by Leopoldo Abadía (2009), with respect to the financial economy crisis that happened in 2007-2008, to evidence the form in which confidence operates. Therefore the contribution that we hope to do with this paper is to emphasize that, the level of confidence of the different actors, is the one which really moves the markets, (therefore the economy) and that the crisis of the subprime mortgages is a confidence crisis at world-wide level. 2021-11-17 info:eu-repo/semantics/article info:ar-repo/semantics/artículo info:eu-repo/semantics/publishedVersion https://hdl.handle.net/20.500.12219/4754 eng info:eu-repo/semantics/altIdentifier/urn/https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/707/645 info:eu-repo/semantics/openAccess application/pdf application/pdf 336 KB Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
institution Universidad Nacional de Misiones
institution_str I-77
repository_str R-195
collection Repositorio Institucional Digital de la UNaM (RIDUNAM)
language Inglés
topic Confidence
Crisis
Adam Smith
Invisible hand
spellingShingle Confidence
Crisis
Adam Smith
Invisible hand
Gache, Fernando Luis
Otero, Dino
Adam Smith : the invisible hand or confidence
topic_facet Confidence
Crisis
Adam Smith
Invisible hand
description Fil: Gache, Fernando Luis. Universidad Tecnológica Nacional. Facultad Regional Buenos Aires. Subsecretaría de Posgrado y Vinculación con la Investigación; Argentina.
format Artículo
Artículo
publishedVersion
author Gache, Fernando Luis
Otero, Dino
author_facet Gache, Fernando Luis
Otero, Dino
author_sort Gache, Fernando Luis
title Adam Smith : the invisible hand or confidence
title_short Adam Smith : the invisible hand or confidence
title_full Adam Smith : the invisible hand or confidence
title_fullStr Adam Smith : the invisible hand or confidence
title_full_unstemmed Adam Smith : the invisible hand or confidence
title_sort adam smith : the invisible hand or confidence
publisher Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
publishDate 2021
url https://hdl.handle.net/20.500.12219/4754
work_keys_str_mv AT gachefernandoluis adamsmiththeinvisiblehandorconfidence
AT oterodino adamsmiththeinvisiblehandorconfidence
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