Warren J. Samuels (with the assistance of Marianne E. Johnson and William H. Perry), Erasing the Invisible Hand. Essays on an Elusive and Misused Concept in Economics
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9 janvier 2014
- doi: 10.4000/oeconomia.89
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Bruna Ingrao, « Warren J. Samuels (with the assistance of Marianne E. Johnson and William H. Perry), Erasing the Invisible Hand. Essays on an Elusive and Misused Concept in Economics », Œconomia, ID : 10.4000/oeconomia.89
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“Economics, as a science that purports to deal with the objective and the confirmable, ironically has as its foundational concept something metaphysical —the Invisible Hand.”(169). The ‘invisible hand’, a “quaint” and “fuzzy” concept of widespread use, is the object of detailed critical analysis in Warren Samuels’s book. Samuels classifies some dozen of ill-defined meanings (the market, competition, the price mechanism, private property, self-interest, the profit motive, entrepreneurship, the...