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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