Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics
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- Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics.
Setup an account with your affiliations in order to access resources via your University's proxy server Configure custom proxy use this if your affiliation does not provide a proxy. Adam Smith's Political Philosophy: The Invisible Hand and Spontaneous Order.
Editorial Reviews
Craig Smith - - Routledge. Toni Vogel Carey - - Biology and Philosophy 13 3: What's Wrong with Invisible-Hand Explanations? Hull - - Philosophy of Science 64 4: Invisible Hands and the Success of Science. Brad Wray - - Philosophy of Science 67 1: Beyond the Invisible Hand: Groundwork for a New Economics.
Backhouse, University of Birmingham "The invisible hand is the iconic image in the discourse about economics. We use cookies to give you the best possible experience. Ricardo addressed conflicts of interests between landlords and other ranks of society, as between the directors of the Bank of England and the general public. No trivia or quizzes yet. Cambridge University Press September 12, Language:
Kaushik Basu - - Princeton University Press. God and the Market: Adam Smith's Invisible Hand. The Inexorable Sociality of Commerce: And no one has taken on the enormous task of sorting out and analyzing these many invisible hands Warren Samuels makes a seminal contribution to the literature by taking us on a thorough and richly thoughtful analysis of the many meanings of the invisible hand.
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No one has the breadth and depth of vision to do it better. In this valuable book, Warren Samuels subjects the invisible hand concept to sustained critical examination. His work explodes the myths surrounding the concept and displays the many ambiguities and lacunae to be found in the conventional treatments. This book is both a testament to the power of the invisible hand metaphor and a vital and long overdue corrective to its misuse in economics. The result, as the poet says: This book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith.
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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. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support?
The essays further show how Smith was silent as to his intended meaning, using the term to set minds at rest; how the claim that the invisible hand is the foundational concept of economics is repudiated by numerous leading economic theorists; that several dozen identities given the invisible hand renders the term ambiguous and inconclusive; that no such thing as an invisible hand exists; and that calling something an invisible hand adds nothing to knowledge.
Finally, the essays show that the leading doctrines purporting to claim an invisible hand for the case for capitalism cannot invoke the term but that other nonnormative invisible hand processes are still useful tools. Read more Read less. Here's how restrictions apply. Review "An unbelievably comprehensive account of what economists have meant by the invisible hand. 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 term to set minds at rest; how the claim that the invisible hand is the foundational concept of economics is repudiated by numerous leading economic theorists; that several dozen identities given the invisible hand renders the term ambiguous and inconclusive; that no such thing as an invisible hand exists; and that calling something an invisible hand adds nothing to knowledge.
Finally, the essays show that the leading doctrines purporting to claim an invisible hand for the case for capitalism cannot invoke the term but that other nonnormative invisible hand processes are still useful tools. The Best Books of Check out the top books of the year on our page Best Books of Looking for beautiful books? Visit our Beautiful Books page and find lovely books for kids, photography lovers and more. Table of contents 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.
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. Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Warren Samuels was an American historian of economic thought located at the top.
Adam Smith's History of Astronomy argument: And where do propositions which 'sooth the imagination' come from? Conceptual and substantive issues and problems; 6.
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