Retrospectives: Ethics and the Invisible Hand

Article OPEN
Jerry Evensky;
  • Journal: Journal of Economic Perspectives,volume 7,issue 2 Spring,pages197-205
  • Related identifiers: doi: 10.1257/jep.7.2.197
  • Subject:
    • jel: jel:A13 | jel:D63

As modern economists, we use Adam Smith's "invisible hand" metaphor confident that we all know what it means in our discourse: it reflects our admiration for the elegant and smooth functioning of the market system as a coordinator of autonomous individual choices in an ... View more
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