smith’s invisible hand: controversy is needed

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ID: 185173
2017
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Abstract
Smith’s metaphor of the invisible hand, commonly attributed to The Wealth of Nations, is described in the Theory of Moral Sentiments. It is a ‘deception’ fed to the lower classes. Private initiative depends upon the presence of privileged classes in a conservative rather than liberal state. Only thus can the ‘invisible hand’ improve the nation’s ‘wealth.’ Hence, the economic mainstream cannot easily claim Adam Smith as their ancestor. Nor can the Marxists associate him to the misdeeds of the mainstream. A Smithian ancestry is more plausible for Neoliberals.
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Authors ;Flavia Di Mario;Andrea Micocci
Journal inhalation toxicology
Year 2017
DOI
DOI not found
URL
https://jpe.ro/pdf.php?id=7956
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