Adam Smith gets way too much credit as the 'father of economics.' Sure, he laid down some foundational ideas about market dynamics and the invisible hand, but here's the thing—plenty of economists before and after him contributed equally important pieces to how we understand markets today. His theories have limits too, especially when applied to modern financial systems and digital assets. Worth reconsidering how much weight we actually give to historical figures versus understanding current market mechanics. What's your take on how classical economics holds up in the crypto era?
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CounterIndicator
· 3h ago
Honestly, Adam Smith's theories are basically ineffective in crypto. The invisible hand has long been shattered by algorithms and high-frequency trading.
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LiquidityHunter
· 3h ago
Still running DEX data at 3 a.m... The classical economics approach has long collapsed in crypto. Liquidity depth is the real king, what is Smith's theory benchmarked against? 0.3% slippage?
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FlashLoanPhantom
· 9h ago
The classical economics framework should have been phased out long ago; the things the crypto world has taught us are beyond what Smith could have ever imagined.
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GateUser-7b078580
· 9h ago
Data shows that classical economics completely fails on highly volatile assets... Although Smith indeed laid the foundation, the hourly price movements of cryptocurrencies don't fit his theories at all. Have you observed the pattern? Historical lows often occur when market sentiment is at its most崩溃.
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FreeMinter
· 9h ago
Adam Smith's theory collapses directly in front of crypto, invisible hand? Haha
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MoodFollowsPrice
· 9h ago
Adam Smith's theories can't really be applied to crypto at all.
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BuyTheTop
· 9h ago
NGL, Smith's theory has long been discredited in the crypto world; the market is simply not that invisible.
Adam Smith gets way too much credit as the 'father of economics.' Sure, he laid down some foundational ideas about market dynamics and the invisible hand, but here's the thing—plenty of economists before and after him contributed equally important pieces to how we understand markets today. His theories have limits too, especially when applied to modern financial systems and digital assets. Worth reconsidering how much weight we actually give to historical figures versus understanding current market mechanics. What's your take on how classical economics holds up in the crypto era?