The Invisible Hand

Stefano Fiori ()
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Stefano Fiori: University of Torino

Chapter Chapter 5 in Machines, Bodies and Invisible Hands, 2021, pp 87-108 from Springer

Abstract: Abstract Economists, philosophers and historians of economic thought have suggested many alternative interpretations of Smith’s invisible hand. The idea put forward in this chapter is that the invisible hand was a tool which helped to formulate in nondefinitional terms the conception that the order of society is (1) endogenous, beneficial, and exhibits self-organizing properties, (2) the result of movements and choices of independent individuals.

Keywords: Providence; Efficient causes; Invisible hand; Unintended results; Economic system (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-85206-1_5

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DOI: 10.1007/978-3-030-85206-1_5

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