Adam Smith : the invisible hand or confidence

Autores
Gache, Fernando Luis; Otero, Dino
Año de publicación
2021
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
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.
Materia
Confidence
Crisis
Adam Smith
Invisible hand
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Atribución-NoComercial-CompartirIgual 4.0 Internacional
Repositorio
Repositorio Institucional Digital de la Universidad Nacional de Misiones (UNaM)
Institución
Universidad Nacional de Misiones
OAI Identificador
oai:rid.unam.edu.ar:20.500.12219/4754

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spelling Adam Smith : the invisible hand or confidenceGache, Fernando LuisOtero, DinoConfidenceCrisisAdam SmithInvisible handFil: 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.Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración2021-11-17info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdf336 KBhttps://hdl.handle.net/20.500.12219/4754enginfo:eu-repo/semantics/altIdentifier/urn/https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/707/645info:eu-repo/semantics/openAccessAtribución-NoComercial-CompartirIgual 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-sa/4.0/reponame:Repositorio Institucional Digital de la Universidad Nacional de Misiones (UNaM)instname:Universidad Nacional de Misiones2025-09-04T11:43:04Zoai:rid.unam.edu.ar:20.500.12219/4754instacron:UNAMInstitucionalhttps://rid.unam.edu.ar/Universidad públicahttps://www.unam.edu.ar/https://rid.unam.edu.ar/oai/rsnrdArgentinaopendoar:2025-09-04 11:43:05.284Repositorio Institucional Digital de la Universidad Nacional de Misiones (UNaM) - Universidad Nacional de Misionesfalse
dc.title.none.fl_str_mv Adam Smith : the invisible hand or confidence
title Adam Smith : the invisible hand or confidence
spellingShingle Adam Smith : the invisible hand or confidence
Gache, Fernando Luis
Confidence
Crisis
Adam Smith
Invisible hand
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
dc.creator.none.fl_str_mv Gache, Fernando Luis
Otero, Dino
author Gache, Fernando Luis
author_facet Gache, Fernando Luis
Otero, Dino
author_role author
author2 Otero, Dino
author2_role author
dc.subject.none.fl_str_mv Confidence
Crisis
Adam Smith
Invisible hand
topic Confidence
Crisis
Adam Smith
Invisible hand
dc.description.none.fl_txt_mv 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.
description Fil: Gache, Fernando Luis. Universidad Tecnológica Nacional. Facultad Regional Buenos Aires. Subsecretaría de Posgrado y Vinculación con la Investigación; Argentina.
publishDate 2021
dc.date.none.fl_str_mv 2021-11-17
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status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.12219/4754
url https://hdl.handle.net/20.500.12219/4754
dc.language.none.fl_str_mv eng
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Atribución-NoComercial-CompartirIgual 4.0 Internacional
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rights_invalid_str_mv Atribución-NoComercial-CompartirIgual 4.0 Internacional
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dc.publisher.none.fl_str_mv Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
publisher.none.fl_str_mv Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
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