Erasing The Invisible Hand
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Author | : Warren J. Samuels |
Publisher | : Cambridge University Press |
Total Pages | : 359 |
Release | : 2011-09-12 |
Genre | : Business & Economics |
ISBN | : 1139498355 |
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 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.
Author | : Warren J. Samuels |
Publisher | : Cambridge University Press |
Total Pages | : 0 |
Release | : 2014-04-14 |
Genre | : Business & Economics |
ISBN | : 9781107613164 |
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 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.
Author | : Warren J. Samuels |
Publisher | : |
Total Pages | : 360 |
Release | : 2014-05-14 |
Genre | : BUSINESS & ECONOMICS |
ISBN | : 9781139127202 |
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 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.
Author | : Karl Mittermaier |
Publisher | : Bristol University Press |
Total Pages | : 278 |
Release | : 2020-07-22 |
Genre | : Business & Economics |
ISBN | : 1529209099 |
Available Open Access under CC-BY-NC-ND Made famous by the Enlightenment thinker Adam Smith, the concept of an ‘invisible hand’ might be taken to imply that a government that governs least governs the best, from the viewpoint of society. Here an invisible hand appears to represent unfettered market forces. Drawing from this much-contested notion, Mittermaier indicates why such a view represents only one side of the story and distinguishes between what he calls pragmatic and dogmatic free marketeers. Published posthumously, with new contributions by Daniel Klein, Rod O’Donnell and Christopher Torr, this book outlines Mittermaier’s main thesis and his relevance for ongoing debates within economics, politics, sociology and philosophy.
Author | : Warren J. Samuels |
Publisher | : Cambridge University Press |
Total Pages | : 358 |
Release | : 2011-09-12 |
Genre | : Business & Economics |
ISBN | : 9780521517256 |
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 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.
Author | : Stefano Fiori |
Publisher | : Springer Nature |
Total Pages | : 245 |
Release | : 2021-10-23 |
Genre | : Business & Economics |
ISBN | : 3030852067 |
What was Adam Smith’s intellectual laboratory? How did his economic theory take shape? Were his metaphors of order only residual and ornamental expressions? This book answers these questions by analyzing the formation of the concepts of market and social order in Adam Smith’s work, by considering various aspects of his approach. It analyzes how metaphors and pre-analytical concepts influenced Smith’s theory. In line with studies that deal with the cognitive role of metaphors in science, this book suggests that in Smith’s work metaphors provided a framework, on which basis the theory subsequently developed. Therefore, as such they were part of that intellectual process which made possible the formation of structured concepts. The content and scope of the book permits a more comprehensive interpretation of Smith’s thought, in which many aspects of his work are taken into consideration in order to explain a crucial problem for Smith: the nature and causes of social and economic order. The book also shows that in general, formation of theories is a complex process that includes pre-analytical views as non-residual parts of inquiry.
Author | : Leonard Edward Read |
Publisher | : |
Total Pages | : 0 |
Release | : 2019 |
Genre | : Capitalism |
ISBN | : 9781630697006 |
"FEE's mission is to inspire, educate, and connect future leaders with the economic, ethical, and legal principles of a free society."-from verso.
Author | : Gary D. Lynne |
Publisher | : Springer Nature |
Total Pages | : 315 |
Release | : 2020-11-13 |
Genre | : Psychology |
ISBN | : 3030506010 |
This book presents the Metaeconomics Framework and Dual Interest Theory, which weave the empathy-based moral and ethical dimension back into key economic questions. Metaeconomics addresses the problem of placing too much emphasis on the market or the government, and thus argues that seeing the link between ego and empathy, self- and other-interest, and market and government will lead to a more just, fair, and sustainable polity. The unique Dual Interest Theory proposes that ego-based self-interest and empathy-based other-interest are joint and internal to each person: it maintains the original proposition from Adam Smith that each person maximizes their own-interest, which Metaeconomics makes clear involves balancing the two joint interests, although self-interest is more primal. The book begins with an explanation of how Metaeconomics connects the other kinds of economics. The book then provides a series of applications of Metaeconomics in heated policy issues, such as elections, finance, family, food, health, natural resources, education, taxes, and extreme inequality, among others. Finally, the book concludes that the only way to save capitalism is to bring empathy into both private and public actions and bring about a more humane balance in market and government.
Author | : Grace Ji-Sun Kim |
Publisher | : Augsburg Fortress Publishers |
Total Pages | : 188 |
Release | : 2021-11-09 |
Genre | : Religion |
ISBN | : 1506470920 |
In Invisible, Grace Ji-Sun Kim examines racism, sexism, and xenophobia as she works toward ending Asian American women's invisibility. She proclaims that the histories, experiences, and voices of Asian American women must be rescued from obscurity. Speaking with the weight of a theologian, she powerfully paves the way for a theology of visibility.
Author | : Warren J. Samuels |
Publisher | : |
Total Pages | : 360 |
Release | : 2011 |
Genre | : Capitalism |
ISBN | : 9781139122283 |
Examines the use in economics of the concept of the invisible hand from Adam Smith.