Mixed economy of 'Invisible Hand' And 'Flexism'

Abstract

The article titled "Mixed Economy of 'Invisible Hand' and Flexism" by M. Azizur Rahman published in The Daily Sun on July 7, 2013, explores the integration of classical free-market principles, symbolized by Adam Smith's "invisible hand," with a flexible, adaptive governance model referred to as "Flexism." It discusses how this hybrid economic approach aims to balance market efficiency with strategic state intervention, addressing market failures and promoting inclusive growth. The piece emphasizes the relevance of such a model for developing economies like Bangladesh, suggesting that combining market-driven dynamics with responsive policy frameworks can enhance economic resilience and equitable development.