... of Adam Smith: Jacob Viner's reading of Smith's invisible hand as God and Paul Samuelson's reading of the same three words as an allocative mechanism that translates an individual's “selfish” actions into the public good or “the best good of all” within a state of perfect competition. These distinct...

..., there are two coordinating mechanisms in Smith. First, there is the invisible hand of the Theory of Moral Sentiments , which facilitates the process of specialization and trade (or division of labor). It is a coordinating mechanism and not a tautology, as it is based on a presumption about human behavior yet...

... and work. His new book is in itself testimony to Marshall’s enduring and still living legacy. Simon Cook, Tel Aviv University 10.1215/00182702-2010-009 The Invisible Hand in Economics: How Economists...

...Donald A. Walker Bruna Ingrao and Giorgio Israel. Translated by Ian McGilvray. Cambridge, Mass. and London: MIT Press, 1990. Published in Italian as La mano invisible, 1987. xiii, 491 pp. Copyright © 1991 by Duke University Press 1991 560 History of Political Economy 23:3 (1991...

... CCC 00 18-2702/85/$1.50 Intertemporal coordination and the invisible hand: an Austrian perspective on the Keynesian vision Roger W. Garrison I. Introduction This article offers a critical evaluation of Keynes’ General theory from an Austrian’ perspective...

...: Augustus M. Kelley. Locke , J. 1699 . Second treatise on government. Macfie , A. I. 1967a . The invisible hand in the Theory of moral sentiments. In Individual and society . London: George Allen & Unwin. Macfie , A. I. 1967b . The moral justification of free enterprise...

...Anthony Brewer The invisible hand as it appears in the Theory of Moral Sentiments is commonly treated as an afterthought in discussions of the version in the Wealth of Nations , but it deserves attention in its own right. I will argue that there is an entirely coherent (if not entirely plausible...

...David Colander Beyond the Invisible Hand: Groundwork for a New Economics . By Basu Kaushik . Princeton : Princeton University Press , 2011 . 312 pp. Cloth $35.00 . Copyright 2012 by Duke University Press 2012 Book Reviews Individuals and Identity in Economics. By John B...

...Anthony Brewer Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics . By Samuels Warren J. ., with the assistance of Johnson Marianne F. Perry William H. . Cambridge : Cambridge University Press , 2011 . xxviii; 329 pp. Hardback $95.00...

... Leslie T. E. 1888 . “ The Political Economy of Adam Smith .” In Essays in Political Economy . 2nd ed. Dublin : Hodges, Figges . Davis J. R. 1990 . “ Adam Smith on the Providential Reconciliation of Individual and Social Interests: Is Man Led by an Invisible Hand or Misled by Sleight...

... a major role in the process of defining poverty in the affluent society. From World War II to the 1960s, their work remained largely invisible since it was made in bureaucratic and academic circles. If experts had free rein to carry out research on income distribution and the establishment of a poverty...

... 1990 by Duke University Press CCC 0018-2702/90/$1.50 Adam Smith on the providential reconciliation of individual and social interests: is man led by an invisible hand or misled by a sleight of hand? J. Ronnie Davis...

... Philosopher and Social Critic. HOPE 19 . 3 : 447 -68. Evensky , Jerry 1989 . The Evolution of Adam Smith's Views on Political Economy. HOPE 21 . 1 : 123 -45. Evensky , Jerry 1993 . Ethics and the Invisible Hand. Journal of Economic Perspectives 7 . 2 : 197 -205. Fleischacker...

... but which can, in principle at least, be truly represented by scientific theories. With these minimal formulations, I argue that Men- gerian economics subscribes to both commonsense realism (in its con- ception of economic agents) and scientific realism (in its conception of the invisible hand...

... and amplifi ed by John R. Hicks (1939) and Nicholas Kaldor (1939) to become the centerpiece of “the new welfare economics.” At this point, it was traced back to Adam Smith’s references to an “invisible hand,” which were widely acclaimed as an early informal version of the fi rst fundamental theorem...

... this collection just needed a different title, one that would better communicate what it really provides. Lawrence A. Boland, FRSC, Simon Fraser University 10.1215/00182702-2334803 Erasing the Invisible Hand: Essays...

..., Simon Fraser University 10.1215/00182702-2334803 Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. By Warren J. Samuels, with the assistance of Marianne F. Johnson and William H. Perry. Cambridge: Cambridge...

..., Simon Fraser University 10.1215/00182702-2334803 Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. By Warren J. Samuels, with the assistance of Marianne F. Johnson and William H. Perry. Cambridge: Cambridge...

... this collection just needed a different title, one that would better communicate what it really provides. Lawrence A. Boland, FRSC, Simon Fraser University 10.1215/00182702-2334803 Erasing the Invisible Hand: Essays...

... 10.1215/00182702-2334803 Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. By Warren J. Samuels, with the assistance of Marianne F. Johnson and William H. Perry. Cambridge: Cambridge University Press, 2011. xxviii; 329 pp. Hardback $95.00. The invisible hand...