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Erasing the invisible hand :b essays on an elusive and misused concept in economics

Author: Warren J Samuels
Publisher: Cambridge ; New York : Cambridge University Press, 2011.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"This book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith. It interprets the concept as ideology, knowledge, and a linguistic phenomenon. It shows how the principal Chicago School interpretation misperceives and distorts what Smith believed on the economic role of government. The essays further show how Smith was silent as to his intended meaning, using the  Read more...
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Genre/Form: Criticism, interpretation, etc
Electronic book
Additional Physical Format: Print version:
(DLC) 2011002436
Named Person: Adam Smith; Adam Smith
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Warren J Samuels
ISBN: 9780521517256 0521517257
OCLC Number: 761720498
Description: 1 online resource (xxviii, 329 pages)
Contents: Machine generated contents note: Preface; 1. Adam Smith's invisible hand and the Nobel prize in economic sciences; 2. The political economy of Adam Smith; 3. On the identities and functions attributed to the invisible hand; 4. Adam Smith's history of astronomy argument: how broadly does it apply? And where do propositions which 'sooth the imagination' come from?; 5. Conceptual and substantive issues and problems; 6. The invisible hand in an uncertain world with an uncertain language; 7. The invisible hand as knowledge; 8. The invisible hand and the economic role of government; 9. The survival requirement of Pareto optimality; 10. Conclusions and further insights.
Responsibility: c Warren J. Samuels ; with the assistance of Marianne F. Johnson and William H. Perry.

Abstract:

This book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith. It interprets the concept as ideology, knowledge, and a linguistic phenomenon. It  Read more...

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'An unbelievably comprehensive account of what economists have meant by the invisible hand. This book should disabuse anyone of the notion that the concept is either simple or unproblematic.' Roger Read more...

 
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