000			03147nam a2200409 i 4500
001			CR9780511835230
003			UkCbUP
005			20240907165726.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			101116s2011||||enk o ||1 0|eng|d
020			_a9780511835230 (ebook)
020			_z9780521517256 (hardback)
020			_z9781107613164 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHB95 _b.S27 2011
082	0	0	_a330.12/2 _222
100	1		_aSamuels, Warren J., _d1933- _eauthor.
245	1	0	_aErasing the invisible hand : _bessays on an elusive and misused concept in economics / _cWarren J. Samuels ; with the assistance of Marianne F. Johnson and William H. Perry.
264		1	_aCambridge : _bCambridge University Press, _c2011.
300			_a1 online resource (xxviii, 329 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0	0	_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.
520			_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.
600	1	0	_aSmith, Adam, _d1723-1790.
650		0	_aFree enterprise.
650		0	_aEconomics.
650		0	_aCapitalism.
700	1		_aJohnson, Marianne F. _q(Marianne Frances), _eauthor.
700	1		_aPerry, William H., _eauthor.
776	0	8	_iPrint version: _z9780521517256
856	4	0	_uhttps://doi.org/10.1017/CBO9780511835230
942			_2ddc _cEB
999			_c9958 _d9958