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The Collected Scientific Papers of Paul Samuelson, Vol. 5

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7Vote!

A Research Agenda

Angry Bear (Free subscription) | 10/08/2009

cross posted with Gavin Kennedy Rdan here... Gavin Kennedy in his blog Adam Smith's Lost Legacy notes how the 'invisible hand' is used in modern economics and especially the media, and begins to lay out the challenge. The entire post follows: Monday, October 05, 2009 A Research Agenda “Even Adam Smith, the canny Scot whose monumental book, ‘The Wealth Of Nations’(1776), represents...

Explore : Adam Smith, Business, Nobel Laureate, Nobel Prize in economics, Politics, The House
6Vote!

A Research Agenda

Adam Smith's Lost Legacy (Free subscription) | 10/05/2009

“ Even Adam Smith, the canny Scot whose monumental book, ‘The Wealth Of Nations’(1776), represents the beginning of modern economics or political economy – even he was so thrilled by the recognition of an order in the economic system that he proclaimed the mystical principle of ‘the invisible hand’: that each individual in pursuing his own selfish good was led, as...

Explore : Adam Smith, Business, Nobel Laureate, Nobel Prize in economics, Politics, The House