Erasing the Invisible Hand

I’m just about finished reading this unrelenting and fine-grained assault on the concept of the invisible hand. This is one of the most remarkable pieces of scholarship I’ve read in many years whatever its flaws. Samuel is terrier-like with a rag doll! No doubt this book is going to upset many ideologues – and so it should. But being ideologues, they will no doubt carry on business as usual. Of course, such a critical take does not diminish the achievement of Adam Smith, it is aimed primarily at the vast secondary literature. Here is a review of the book by Gavin Kennedy. Here is the book’s CUP page.