Is the Invisible Hand a«Falacyof Composition» ? Smith, Marx, Schumpeter and Keynes as Economie Orthodoxy

1985 ◽  
Vol 10 (1) ◽  
pp. 33-49 ◽  
Author(s):  
J. A. Kregel
Keyword(s):  
Invisible Hand ◽  
The Invisible

Shaking the Invisible Hand

2006 ◽  
Author(s):  
Basil John Moore
Keyword(s):  
Invisible Hand ◽  
The Invisible

The Invisible Hand and the Cunning of Reason

2017 ◽  
Author(s):  
Edna Ullmann-Margalit
Keyword(s):  
Invisible Hand ◽  
The Invisible

The idea of the invisible hand has had an impact not only on the eighteenth and the nineteenth centuries but on the twentieth and twenty-first centuries as well, and it has had a curious ideological career: in previous centuries it had been used to promote ideals of secular, enlightened progress, while in the twentieth and the twenty-first, it is used inversely to promote conservative reverence toward traditions. There are two main models for invisible-hand explanations, and the current, inverse, ideological use of the idea of the invisible hand by conservative circles as against liberals and social planners springs from not distinguishing between the two models.

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