Just a quick follow up to my post on the Coney Island-style theme park that was built in Saint John’s Rockwood Park over 100 years ago. As I have written about on many occasions, there seems to be this view among government and economic development folks that Adam Smith’s invisible hand is constantly at work delivering optimal economic outcomes. If there is a market for a pet groomer in the community, an entrepreneur will magically step up and fill that role.
Economic development: Matchmaking services
Economic development: Matchmaking services
Economic development: Matchmaking services
Just a quick follow up to my post on the Coney Island-style theme park that was built in Saint John’s Rockwood Park over 100 years ago. As I have written about on many occasions, there seems to be this view among government and economic development folks that Adam Smith’s invisible hand is constantly at work delivering optimal economic outcomes. If there is a market for a pet groomer in the community, an entrepreneur will magically step up and fill that role.