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The ‘Invisible Hand’ Phenomenon in Philosophy and Economics

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 an ‘invisible hand’ followed until 1875, when traces…

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…

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…