Adam Smith's Use of the 'Gravitation' Metaphor
Adam Smith, in Wealth of Nations, used gravitation as a rhetorical metaphor and not in a formal philosophical sense, as used by Newton, Aristotle or Empedocles. Physical gravitational attraction is predictable, accurate and rule-bound; metaphoric gravity, as in relationships between natural and market prices, are neither strictly rule-based nor predictable. Market exchange relationships between independent people are subject to the vagaries of imperfect rhetorical persuasion.
Volume (Year): 4 (2015)
Issue (Month): 1 (March)
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- Leonidas Montes, 2008. "Newton's real influence on Adam Smith and its context," Cambridge Journal of Economics, Oxford University Press, vol. 32(4), pages 555-576, July.
- Kennedy, Gavin, 2011. "The Hidden Adam Smith In His Alleged Theology," Journal of the History of Economic Thought, Cambridge University Press, vol. 33(03), pages 385-402, September.
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"Erasing the Invisible Hand,"
Cambridge University Press, number 9781107613164.
- Samuels,Warren J. Assisted by-Name:Johnson,Marianne F. Assisted by-Name:Perry,William H., 2011. "Erasing the Invisible Hand," Cambridge Books, Cambridge University Press, number 9780521517256.
- David Andrews, 2014. "Adam Smith's Natural Prices, the Gravitation Metaphor, and the Purposes of Nature," Economic Thought, World Economics Association, vol. 3(1), pages 1-42, March.
- Gavin Kennedy, 2009. "Adam Smith and the Invisible Hand: From Metaphor to Myth," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 239-263, May. Full references (including those not matched with items on IDEAS)
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