Fuck the invisible hand too. Its bullshit; total unmitigated bullshit.

http://www.scientificamerican....

The Economist Has No Clothes

Unscientific assumptions in economic theory are undermining efforts to solve environmental problems

Mar 17, 2008 |By Robert Nadeau ...The strategy the economists used was as simple as it was absurd—they substituted economic variables for physical ones. Utility (a measure of economic well-being) took the place of energy; the sum of utility and expenditure replaced potential and kinetic energy. A number of well-known mathematicians and physicists told the economists that there was absolutely no basis for making these substitutions. But the economists ignored such criticisms and proceeded to claim that they had transformed their field of study into a rigorously mathematical scientific discipline...

ABOUT THE AUTHOR(S)

Robert Nadeau teaches environmental science and public policy at George Mason University. His most recently published book is The Environmental Endgame (Rutgers University Press, 2006)