The Invisible Hand’s Visible Swarm

When Adam Smith began writing about an invisible hand, a metaphor for the market’s self-correcting mechanisms, in 1759, the world was very local, and information moved at a more leisurely pace. Today, though, information zips around the world instantly, the talent pool is becoming more liquid and global, venture capital has more money to deploy than ever before, and the scope of the world’s ambitions are getting bigger. Ideally, all of this combines into one big matching engine that puts the right people and capital to the right problems.

How does the swarm know what to attack? Packy explains entrepreneurship through his concept of The Visible Swarm.

This audio essay is sponsored by Masterworks. 

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