LEADER 03927nam 22007212 450 001 9910781966303321 005 20160428114144.0 010 $a1-107-21593-5 010 $a1-139-12419-6 010 $a1-283-31629-3 010 $a1-139-12228-2 010 $a9786613316295 010 $a1-139-11218-X 010 $a1-139-12720-9 010 $a1-139-11654-1 010 $a0-511-83523-X 010 $a1-139-11437-9 035 $a(CKB)2550000000057750 035 $a(EBL)802955 035 $a(OCoLC)763157891 035 $a(SSID)ssj0000536341 035 $a(PQKBManifestationID)11344662 035 $a(PQKBTitleCode)TC0000536341 035 $a(PQKBWorkID)10546522 035 $a(PQKB)10836514 035 $a(UkCbUP)CR9780511835230 035 $a(MiAaPQ)EBC802955 035 $a(Au-PeEL)EBL802955 035 $a(CaPaEBR)ebr10506166 035 $a(CaONFJC)MIL331629 035 $a(EXLCZ)992550000000057750 100 $a20101116d2011|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aErasing the invisible hand $eessays on an elusive and misused concept in economics /$fWarren J. Samuels ; with the assistance of Marianne F. Johnson and William H. Perry$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2011. 215 $a1 online resource (xxviii, 329 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a1-107-61316-7 311 $a0-521-51725-7 320 $aIncludes bibliographical references and index. 327 $tAdam Smith's invisible hand and the Nobel prize in economic sciences --$tThe political economy of Adam Smith --$tOn the identities and functions attributed to the invisible hand --$tAdam Smith's history of astronomy argument : how broadly does it apply? And where do propositions that 'sooth the imagination' come from? --$tThe invisible hand, decision making, and working things out: conceptual and substantive problems --$tThe invisible hand in an uncertain world with an uncertain language --$tThe invisible hand as knowledge --$tThe invisible hand and the economic role of government --$tThe survival requirement of Pareto optimality --$tConclusions and further insights. 330 $aThis 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. 606 $aFree enterprise 606 $aEconomics 606 $aCapitalism 615 0$aFree enterprise. 615 0$aEconomics. 615 0$aCapitalism. 676 $a330.12/2 686 $aBUS069000$2bisacsh 700 $aSamuels$b Warren J.$f1933-$088996 702 $aJohnson$b Marianne F$g(Marianne Frances), 702 $aPerry$b William H. 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910781966303321 996 $aErasing the invisible hand$93761571 997 $aUNINA