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What Did Smith Mean by the Invisible Hand?

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  • William D. Grampp

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  • William D. Grampp, 2000. "What Did Smith Mean by the Invisible Hand?," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 441-465, June.
  • Handle: RePEc:ucp:jpolec:v:108:y:2000:i:3:p:441-465
    DOI: 10.1086/262125
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    References listed on IDEAS

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    1. Cosmides, Leda & Tooby, John, 1994. "Better than Rational: Evolutionary Psychology and the Invisible Hand," American Economic Review, American Economic Association, vol. 84(2), pages 327-332, May.
    2. Persky, Joseph, 1989. "Adam Smith's Invisible Hands," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 195-201, Fall.
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    Cited by:

    1. Peter Minowitz, 2004. "Adam Smith's Invisible Hands," Econ Journal Watch, Econ Journal Watch, vol. 1(3), pages 381-412, December.
    2. Arnaud Monnier & Manoj Thomas, 2022. "Experiential and Analytical Price Evaluations: How Experiential Product Description Affects Prices [The Utility of an Information Processing Approach for Behavioral Price Research]," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 49(4), pages 574-594.
    3. Ricardo Kerguelén Méndez, 2016. "[Ensayo] Liberalismo e instituciones: Douglass North y la economía neoclásica," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 10(1), pages 249-290, June.
    4. Enrico Colombatto, 2014. "Hayek and economic policy (the Austrian road to the third way)," Chapters, in: Roger W. Garrison & Norman Barry (ed.), Elgar Companion to Hayekian Economics, chapter 15, pages 343-363, Edward Elgar Publishing.
    5. Jonathan B. Wight, 2005. "Adam Smith and Greed," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 21(Fall 2005), pages 46-58.
    6. Avner Offer, 2012. "Self-interest, Sympathy and the Invisible Hand : From Adam Smith to Market Liberalism," Economic Thought, World Economics Association, vol. 1(2), pages 1-1, December.
    7. Robert B. Ekelund Jr & Edward O. Price III, 2012. "The Economics of Edwin Chadwick," Books, Edward Elgar Publishing, number 14915.
    8. Balbir S. Sihag, 2017. "Kautilya, Fibonacci and Samuelson on Discounting," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 7(2), pages 1-3.
    9. Mark Blaug, 2001. "No History of Ideas, Please, We're Economists," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 145-164, Winter.
    10. Emiel F.M. Wubben, 2011. "Do Rules and Regulations Bind or Boost Economic Growth?," Chapters, in: Emiel F.M. Wubben (ed.), Institutions and Regulation for Economic Growth?, chapter 1, Edward Elgar Publishing.
    11. Krawiec Alexandra E., 2016. "Socio-Economic Implications of Female Inclusion in Organizational Structures and in Leadership Positions," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 49(1), pages 106-134, March.
    12. Avner Offer, 2012. "Self-interest, Sympathy and the Invisible Hand : From Adam Smith to Market Liberalism," Economic Thought, World Economics Association, vol. 1(2), pages 1-1, December.
    13. Paul Oslington, 2012. "God and the Market: Adam Smith’s Invisible Hand," Journal of Business Ethics, Springer, vol. 108(4), pages 429-438, July.
    14. Enrico Colombatto, 2004. "Hayek and Economic Policy (The Austrian Road to the Third Way)," ICER Working Papers 18-2004, ICER - International Centre for Economic Research.
    15. Daniel B. Klein, 2009. "In Adam Smith's Invisible Hands: Comment on Gavin Kennedy," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 264-279, May.
    16. Christopher Robertson & K. Gilley & William Crittenden, 2008. "Trade Liberalization, Corruption, and Software Piracy," Journal of Business Ethics, Springer, vol. 78(4), pages 623-634, April.
    17. Madarász, Aladár, 2014. "A láthatatlan kéz - szemelvények egy metafora történetéből [The invisible hand - extracts from the history of a metaphor]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 801-844.
    18. Mollie Painter-Morland & Rosa Slegers, 2018. "Strengthening “Giving Voice to Values” in Business Schools by Reconsidering the “Invisible Hand” Metaphor," Journal of Business Ethics, Springer, vol. 147(4), pages 807-819, February.
    19. David Bevan & Patricia Werhane, 2015. "The Inexorable Sociality of Commerce: The Individual and Others in Adam Smith," Journal of Business Ethics, Springer, vol. 127(2), pages 327-335, March.
    20. Dupont, Brandon & Durham, Yvonne, 2021. "Adam Smith and the not so invisible hand: A revision for the undergraduate classroom," International Review of Economics Education, Elsevier, vol. 36(C).
    21. N. Emrah Aydinonat, 2006. "Is the Invisible Hand un− Smithian? A Comment on Rothschild," Economics Bulletin, AccessEcon, vol. 2(2), pages 1-9.
    22. Carlos Rodríguez Braun, 2021. "Adam Smith’s liberalism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(4), pages 465-478, December.
    23. Maria Pia Paganelli, 2014. "Adam Smith and Entangled Political Economy," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 37-54, Emerald Group Publishing Limited.
    24. Horn, Karen, 2019. "The difficult relationship between historical ordoliberalism and Adam Smith," Freiburg Discussion Papers on Constitutional Economics 19/3, Walter Eucken Institut e.V..
    25. Yann Giraud & Pedro Garcia Duarte, 2014. "Chasing the B: A Bibliographic Account of Economics’ Relation to its Past, 1991-2011," THEMA Working Papers 2014-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.

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