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Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in
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Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. Warren J. Samuels Hardcover - 2011

by Warren J. Samuels; Text by (Art/Photo Books) Marianne F. Johnson; Text by (Art/Photo Books) William H. Perry


From the publisher

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.

Details

  • Title Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. Warren J. Samuels
  • Author Warren J. Samuels; Text by (Art/Photo Books) Marianne F. Johnson; Text by (Art/Photo Books) William H. Perry
  • Binding Hardcover
  • Pages 358
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press
  • Date 2011-09-12
  • ISBN 9780521517256 / 0521517257
  • Weight 1.35 lbs (0.61 kg)
  • Dimensions 9.1 x 6 x 1.2 in (23.11 x 15.24 x 3.05 cm)
  • Themes
    • Aspects (Academic): Economic
  • Library of Congress subjects Capitalism, Economics
  • Library of Congress Catalog Number 2011002436
  • Dewey Decimal Code 330.122

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Citations

  • Choice, 06/01/2012, Page 0
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Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. Warren J. Samuels
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Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. Warren J. Samuels

by Warren J. Samuels

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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: Essays on an Elusive and Misused Concept in Economics

by Warren J. Samuels

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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

by Samuels, Warren J.; Johnson, Marianne F. [Assistant]; Perry, William H. [Assistant];

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