Scholarly Comments on Academic Economics

A Reply to Daniel Klein on Adam Smith and the Invisible Hand

by

Abstract

The May 2009 issue of this journal featured a two-part exchange between myself and Daniel Klein on the meaning and significance of the expression “invisible hand” in the writings of Adam Smith. In his comment on my piece, Klein imputed much larger, and, in my view, extraneous meaning to it. Here I conclude the exchange by responding to Klein’s comment.

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Volume (Issue)
Pages
374-388
Published
JEL classification
A13, B0, B1
Keywords
Adam Smith, invisible hand, Theory of Moral Sentiments, Wealth of Nations, metaphor, myth
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