>

All questions on Economics

John Nash

What is John Nash's famouse quote on how to obtain the best possible outcome?

Answers
Basically, Nash disproved Adam Smith's theory that each "player" doing what is best for himself inevitably leads to the best outcome for the group. Instead, Nash proved that the best possible outcome occurs when each player does what is best for himself and for the group.www.ecu.edu/englis…20-4/beautiful.htm'the best result will come where everyone in the group does what is best for himself ... and the group.'  adamsmithslostlega…ash-was-wrong.htmlYou could trying watching Beautiful Mind starring Russell Crowe as Nash.
David B.
23 October 2013
>
Add an answer

Similar questions