Image of Erasing the Invisible Hand : essays on an elusive and misused concept in economics

Text

Erasing the Invisible Hand : essays on an elusive and misused concept in economics



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.


Availability

1982/PUP/2016330.122 SAM e c.1Perpustakaan Universitas PertaminaAvailable

Detail Information

Series Title
-
Call Number
330.122 SAM e
Publisher Cambridge University : New York.,
Collation
xxviii, 329 p. ; 23 cm
Language
English
ISBN/ISSN
9781107613164
Classification
330.122
Content Type
-
Media Type
-
Carrier Type
-
Edition
-
Subject(s)
Specific Detail Info
-
Statement of Responsibility
Department(s)

Other version/related

No other version available




Information


RECORD DETAIL


Back To PreviousXML DetailCite this