In Adam Smith's Invisible Hands: Comment on Gavin Kennedy
AbstractProfessor Gavin Kennedyâ€™s essay on the invisible hand raises several issues: (1) whether the three occurrences of the phrase in Adam Smithâ€™s writings are reconcilable; (2) whether the phrase may properly serve as tag for an important idea in natural jurisprudence; and (3) the importance Smith attached to the phrase. In line with A.L. Macfie, I argue that the three occurrences are reconcilable, and, in line with a great many others, that the phrase may properly serve as a tag for the comparative merit of liberty. Whether Smith intended for the phrase to be used that way is uncertain, but does not matter much to its serviceability.
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Bibliographic InfoArticle provided by Econ Journal Watch in its journal Econ Journal Watch.
Volume (Year): 6 (2009)
Issue (Month): 2 (May)
Adam Smith; invisible hand; natural liberty;
Find related papers by JEL classification:
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- B0 - Schools of Economic Thought and Methodology - - General
- B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
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- Peter J. Boettke & Daniel J. D'Amico, 2010. "Corridors, Coordination, and the Entrepreneurial Theory of the Market Process," Journal of Private Enterprise, The Association of Private Enterprise Education, The Association of Private Enterprise Education, vol. 25(Spring 20), pages 87-96.
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