The Market as Utopia: The “Invisible Hand” Thesis

Ayman Reda
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Ayman Reda: The University of Michigan - Dearborn

Chapter Chapter 24 in Prophecy, Piety, and Profits, 2018, pp 355-360 from Palgrave Macmillan

Abstract: Abstract This chapter engages in a penetrating analysis of the concept of Smith’s famous “invisible hand” thesis. The chapter benefits considerably from Warren Samuel’s groundbreaking study of the “invisible hand” argument. The chapter presents an Islamic critique of Smith’s thesis, highlighting the moral contradictions and gaps in his argument.

Keywords: Invisible handInvisible Hand; scarcityscarcityMalthusian; Technical Economic Theory; capitalismCapitalism; Free marketsMarket (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-1-137-56825-0_24

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DOI: 10.1057/978-1-137-56825-0_24

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