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Erasing the Invisible Hand : Essays on an Elusive and Misused Concept in Economics.
Examines the use in economics of the concept of the invisible hand from Adam Smith.
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge :
Cambridge University Press,
2011.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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.