The expression “invisible hand” as non explanatory

The expression “invisible hand” as non explanatory

According to economists such as Arrow, Hahn and Tobin, for example, the expression “invisible hand” is the most important contribution made in the History of Economic Thought and is explanatory of economic processes (Arrow & Hahn, 1971:1 and Tobin, 1992:117). In this paper a set of arguments are...

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Main Author: Leandro Gastón Indavera Stieben
Format: Article
Language:deu
Published: Universidad del Valle 2018-02-01
Series:Praxis Filosófica
Online Access:http://praxis.univalle.edu.co/index.php/praxis/article/view/6153
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spelling doaj-5f7a3c072da74d53a04c8d190c1469f82020-11-25T01:20:26ZdeuUniversidad del VallePraxis Filosófica0120-46882389-93872018-02-014611112310.25100/pfilosofica.v0i46.61536153The expression “invisible hand” as non explanatoryLeandro Gastón Indavera Stieben0Universidad Nacional de Chilecito, Chilecito, ArgentinaAccording to economists such as Arrow, Hahn and Tobin, for example, the expression “invisible hand” is the most important contribution made in the History of Economic Thought and is explanatory of economic processes (Arrow & Hahn, 1971:1 and Tobin, 1992:117). In this paper a set of arguments are proposed in order to contend that Adam Smith’s “invisible hand” expression is not relevant in explanatory terms. Firstly, Smith is reluctunt to accept that expressions related to invisible and intelligent agents can explain natural phenomena. In order to analyze this topic, a Humean reading of Smith is attempted, as well as an interpretation of Smith’s critic of Kepler and Descartes.http://praxis.univalle.edu.co/index.php/praxis/article/view/6153
collection DOAJ
language deu
format Article
sources DOAJ
author Leandro Gastón Indavera Stieben
spellingShingle Leandro Gastón Indavera Stieben
The expression “invisible hand” as non explanatory
Praxis Filosófica
author_facet Leandro Gastón Indavera Stieben
author_sort Leandro Gastón Indavera Stieben
title The expression “invisible hand” as non explanatory
title_short The expression “invisible hand” as non explanatory
title_full The expression “invisible hand” as non explanatory
title_fullStr The expression “invisible hand” as non explanatory
title_full_unstemmed The expression “invisible hand” as non explanatory
title_sort expression “invisible hand” as non explanatory
publisher Universidad del Valle
series Praxis Filosófica
issn 0120-4688
2389-9387
publishDate 2018-02-01
description According to economists such as Arrow, Hahn and Tobin, for example, the expression “invisible hand” is the most important contribution made in the History of Economic Thought and is explanatory of economic processes (Arrow & Hahn, 1971:1 and Tobin, 1992:117). In this paper a set of arguments are proposed in order to contend that Adam Smith’s “invisible hand” expression is not relevant in explanatory terms. Firstly, Smith is reluctunt to accept that expressions related to invisible and intelligent agents can explain natural phenomena. In order to analyze this topic, a Humean reading of Smith is attempted, as well as an interpretation of Smith’s critic of Kepler and Descartes.
url http://praxis.univalle.edu.co/index.php/praxis/article/view/6153
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