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The ‘Invisible Hand’ Phenomenon in Philosophy and Economics

Here is the intro to Gavin Kennedy’s chapter. This chapter discusses Adam Smith’s rhetorical use of the ‘invisible hand’ in the context of his teachings on metaphors as figures of speech in his lectures on Rhetoric (Edinburgh, 1748-51; Glasgow, 1752-64 (LRBL). After Smith died (1790), a strikingly long-period of silence about his three references to…

Adam Smith on Sympathy: From Self-Interest to Empathy

The intro to Gloria Zúñiga y Postigo’s essay Is the assumption of self-interested behavior assumed in economics at odds with altruism and compassion? I believe that this question—which has been formulated in various ways in the literature for the past two centuries—is the thorn that often turns us away from reconciling the Adam Smith of the…

Adam Smith: 18th Century Polymath

Here is the intro to Roger Frantz’ chapter. ~~~~~~~ Adam Smith (1723-1790) was a polymath with several of his key concepts and theories either having modern counterparts and/or “enjoying” empirical support. Smith wrote about the origin and proper use of language, grammar, the history of astronomy and ancient physics, moral philosophy, music, dance, and poetry,…

A Danse Macabre of Wants and Satisfactions: Hayek, Oakeshott, Liberty, and Cognition

Just published in Austrian Economic Perspectives on Individualism and Society: Moving Beyond Methodological Individualism Austrian EconomicsAustrian SchoolBehavioral economicscomplexityconsumerismcorey abeldistributed cognitionEconomicsguinevere liberty nellHayekIndividualismindividualityLiberalismLibertarianismLibertyMichael Oakeshottsituated cognitionsocial epistemologysocial ontologysocial realitySpontaneous orderWalker Percy