{"product_id":"erasing-the-invisible-hand-essays-on-an-elusive-and-misused-concept-in-economics-hardback-9780521517256","title":"Erasing the Invisible Hand; Essays on an Elusive and Misused Concept in Economics (Hardback) 9780521517256","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eErasing the Invisible Hand\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eEssays on an Elusive and Misused Concept in Economics\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eWarren J. Samuels (Author), Marianne F. Johnson (Assisted by), William H. Perry (Assisted by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521517256, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 12 September 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e358 pages\u003cbr\u003e22.9 x 15.2 x 2.4 cm, 0.7 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Warren Samuels has written an authoritative, detailed and mainly original contribution to scholarship, ably assisted by his collaborators, Marianne Johnston and William Perry.' Gavin Kennedy, EH.net\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e 1. Adam Smith's invisible hand and the Nobel prize in economic sciences\u003cbr\u003e 2. The political economy of Adam Smith\u003cbr\u003e 3. On the identities and functions attributed to the invisible hand\u003cbr\u003e 4. Adam Smith's History of Astronomy argument: how broadly does it apply? And where do propositions which 'sooth the imagination' come from?\u003cbr\u003e 5. Conceptual and substantive issues and problems\u003cbr\u003e 6. The invisible hand in an uncertain world with an uncertain language\u003cbr\u003e 7. The invisible hand as knowledge\u003cbr\u003e 8. The invisible hand and the economic role of government\u003cbr\u003e 9. The survival requirement of Pareto optimality\u003cbr\u003e 10. Conclusions and further insights.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Philosophy of science [\u003ca title=\"See our other books on Philosophy of science\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Philosophy%20of%20science%20%5BPDA%5D%22\"\u003ePDA\u003c\/a\u003e], Economic history [\u003ca title=\"See our other books on Economic history\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economic%20history%20%5BKCZ%5D%22\"\u003eKCZ\u003c\/a\u003e], Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e], History of ideas [\u003ca title=\"See our other books on History of ideas\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22History%20of%20ideas%20%5BJFCX%5D%22\"\u003eJFCX\u003c\/a\u003e], History of Western philosophy [\u003ca title=\"See our other books on History of Western philosophy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22History%20of%20Western%20philosophy%20%5BHPC%5D%22\"\u003eHPC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46019745644824,"sku":"9780521517256","price":92.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521517256i_685c7bc0-a90e-43de-a92e-f7d46d037e4d.jpg?v=1691383465","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/erasing-the-invisible-hand-essays-on-an-elusive-and-misused-concept-in-economics-hardback-9780521517256","provider":"Freshly Printed Books","version":"1.0","type":"link"}