Philanthropy and the Invisible Hand: Hayek, Boulding, and Beyond

Robert F. Garnett

Chapter Chapter 6 in Accepting the Invisible Hand, 2010, pp 111-137 from Palgrave Macmillan

Abstract: Abstract Since the official end of the Cold War two decades ago, economists across the ideological spectrum have advanced broader visions of human behavior and social cooperation. This diverse movement includes, among others, experimental economists, behavioral economists, social economists, development economists, feminist economists, post-Marxist economists, classical liberal economists, and historians of economic thought.1 As a group, these thinkers aim to reinscribe Adam Smith’s invisible hand concept within complex analytic structures that resist standard Walrasian reductions of economic relations to market exchange and human behavior to narrow self-interest.2

Keywords: Social Capital; Market Exchange; Austrian Economic; Corporate Philanthropy; Commercial Society (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pfschp:978-0-230-11431-9_6

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DOI: 10.1057/9780230114319_6

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