Editing Invisible hand (section)

===Noam Chomsky===
{{See also|Equity home bias puzzle}}
[[Noam Chomsky]] suggests that Smith (and more specifically [[David Ricardo]]) sometimes used the phrase to refer to a "home bias" for investing domestically in opposition to [[offshore outsourcing]] production and [[neoliberalism]].<ref name="ChomskySmith">"[http://www.chomsky.info/articles/20110824.htm American Decline: Causes and Consequences]" Noam Chomsky</ref>
{{quote|Rather interestingly, these issues were foreseen by the great founders of modern economics, Adam Smith for example. He recognized and discussed what would happen to Britain if the masters adhered to the rules of sound economics – what's now called neoliberalism. He warned that if British manufacturers, merchants, and investors turned abroad, they might profit but England would suffer. However, he felt that this wouldn't happen because the masters would be guided by a home bias. So as if by an invisible hand England would be spared the ravages of economic rationality. That passage is pretty hard to miss. It's the only occurrence of the famous phrase "invisible hand" in ''Wealth of Nations'', namely in a critique of what we call neoliberalism.<ref>{{cite web|url=https://chomsky.info/20110407-2/|title=The State-Corporate Complex: A Threat to Freedom and Survival}}</ref>}}