Scholarly Comments on Academic Economics

In Adam Smith’s Invisible Hands: Comment on Gavin Kennedy

by

Abstract

Professor Gavin Kennedy’s essay on the invisible hand raises several issues: (1) whether the three occurrences of the phrase in Adam Smith’s writings are reconcilable; (2) whether the phrase may properly serve as tag for an important idea in natural jurisprudence; and (3) the importance Smith attached to the phrase. In line with A.L. Macfie, I argue that the three occurrences are reconcilable, and, in line with a great many others, that the phrase may properly serve as a tag for the comparative merit of liberty. Whether Smith intended for the phrase to be used that way is uncertain, but does not matter much to its serviceability.

in

Download this article

Volume (Issue)
Pages
264-279
Published
JEL classification
A13, B0, B1
Keywords
Adam Smith, invisible hand, natural liberty
Downloads
4846 article downloads
3601 complete issue downloads
Total: 8447

Discuss this article!