The Old Invisible Hand Trick
I have been musing on Adam Smith, the moral philosopher, for the past few days. As I said yesterday, I find it increasingly difficult to believe ‘an invisible hand’ alludes to ‘the market’.
Greeting the morning with procrastination, as is my habit, I checked Paul Krugman’s blog, The Conscience of a Liberal. In a post he titled ‘Sex and Drugs and Market’s Role’ I find some strong, if indirect, support for my position. …And a pretty good laugh, albeit an uncomfortable one.
Very Serious People: Attend!
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Pingback from The Bell » Alan Greenspan on Adam Smith’s ‘Invisible Hand’
Time 2011/04/03 at 19:49
[...] ‘Let’s go to the tape,’ for what Smith actually said, as I have before here and here. Mr. Greenspan alludes to this [...]
Pingback from The Bell » Hobbes’s Choice: ‘The Life of Man’ & Government
Time 2011/08/28 at 17:48
[...] Adam Smith (as I’ve written here and here and here), Hobbes is regularly mis-cited and mis-quoted. I perpetuated both in my first [...]
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