Many contemporary economists portray Smith's quot;perfect libertyquot; as a precursor of perfect competition. However, modern perfect competition, particularly post World War II mathematical general equilibrium models, are far removed from meaning and intent of Smith's quot;natural system of...

1 Historical reviews around evolving ideas of the Invisible Hand -- 2 The historic design of the Demand Law and its reconstruction -- 3 Network analysis of production and its renewal -- 4 Matching mechanism differences between classical and financial markets -- 5 The evolution of the market and...