Reply #20: Albert Tucker and John Nash proved mathematically that Ayn Rand was incorrect

[tclambert]

She probably was unaware of their work in game theory. But today, this should be well known.

There is also a serious misinterpretation of Adam Smith going on. Smith did not say businessmen should run national economies. He was vehemently opposed to that. His whole point was that in a competitive marketplace, the customers make the decisions that drive the market, and businessmen must serve the customers' wishes or go bankrupt. He opposed monopolies. Monopolies and cartels give businessmen too much power to dictate to the market rather than obeying the market's wishes.