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E-book
Author Samuels, Warren J., 1933-

Title Erasing the Invisible Hand : Essays on an Elusive and Misused Concept in Economics
Published Cambridge : Cambridge University Press, 2011
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Description 1 online resource (360 pages)
Contents Cover; Title; Copyright; Dedication; Contents; Acknowledgments; Preface; 1 Adam Smith's Invisible Hand and the Nobel Prize in Economic Sciences; 1.1. The Research Protocols of Economics, the Ironies That Result from Them, and Other Preliminaries; 1.2. Adam Smith and Some Nobel Prizes; 1.3. The Foundational Concept of Economics; 1.4. Exaggeration Criticized; 1.5. Some History of the Use of the Concept of the Invisible Hand; 1.6. Adam Smith's Three Known Uses; 1.7. The Fecundity of Smith's Analysis as Shown by E.K. Hunt; 2 The Political Economy of Adam Smith
2.1. The Interpretation of Adam Smith2.2. Smith's Synoptic and Synthetic System; 2.3. Interdependence and Tensions; 2.4. Present Significance; 3 On the Identities and Functions of the Invisible Hand; 3.1. Introduction; 3.2. The Identities of the Invisible Hand; 3.3. The Functions of the Invisible Hand; 3.3.1. Order; 3.3.2. Automaticity; 3.3.3. Coordination; 3.3.4. Equilibrium; 3.3.5. General Harmony and Benevolence; 3.3.6. Harmony of/among Self-Interests; 3.3.7. Pareto Optimality; 3.3.8. Harmony of Self-Interest with Social Interest, or Welfare; 3.3.9. Economic Performance; 3.4. Conclusion
4 Adam Smith's History of Astronomy Argument How Broadly Does It Apply? And Where Do Propositions That "Sooth the Imagination"4.1. Introduction: The Principles That Lead and Direct Philosophical Inquiries; 4.2. How Broadly Does Smith's Argument Apply?; 4.3. The Sources of Propositions That Soothe the Imagination; 4.4. The System of Belief and the Mythic System of Society; 4.5. The System of Belief; 4.6. Social Control as a Social Construction of Reality: The Struggle for Power and Control of the State; 4.7. Conclusion; 5 The Invisible Hand, Decision Making, and Working Things Out
5.1. Introduction5.2. Smith's Multiple Paradigms; 5.3. The Enlightenment; 5.4. Naturalism; 5.5. Supernaturalism; 5.6. The Social Belief System; 5.7. Self-Interest; 5.8. Self-Interest Further Considered; 5.9. Infinite Expansion; 6 The Invisible Hand in an Uncertain World with an Uncertain Language; 6.1. Introduction; 6.2. Language in General: The Political Nature of Language; 6.3. Adam Smith and the Tradition He Started; 6.4. Language in General: Of Metaphors and Other Figures of Speech, Part 1; 6.5. On Metaphors in Economics; 6.6. Conclusions Up to This Point
6.7. Language in General: Of Metaphors and Other Figures of Speech, Part 26.8. Language in General: Of Metaphors and Other Figures of Speech, Part 3; 7 The Invisible Hand as Knowledge; 7.1. Introduction; 7.2. Ontology and the Status of the Invisible Hand; 7.3. The Epistemology of the Invisible Hand; 8 The Invisible Hand and the Economic Role of Government; 8.1. Introduction; 8.2. Laissez-faire; 8.3. The Misperception of Adam Smith on the Economic Role of Government: Freeing Smith from the "Free Market" -- Prelude; 8.4. Smith's Legal-Economic Nexus; 8.5. Milton Friedman
Summary Examines the use in economics of the concept of the invisible hand from Adam Smith
Notes 8.6. Friedrich Hayek and the Marketing of Capitalism as the Free Market
Bibliography Includes bibliographical references (pages 297-315) and index
Notes English
Print version record
Subject Smith, Adam, 1723-1790 -- Criticism and interpretation
SUBJECT Smith, Adam, 1723-1790 fast
Subject Capitalism.
Economics.
Free enterprise.
economics.
BUSINESS & ECONOMICS -- Economics -- General.
Capitalism
Economics
Free enterprise
Genre/Form Criticism, interpretation, etc.
Form Electronic book
Author Johnson, Marianne F. (Marianne Frances)
Perry, William H
ISBN 9781139116541
1139116541
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