Gavin Kennedy at Adam Smith's Lost Legacy tirelessly monitors representations of Adam Smith's writings in the media. The misuse of the "invisible hand" metaphor is one of the most frequent topics. Smith used the metaphor once in Theory of Moral Sentiments and once more in Wealth of Nations. It is an incidental reference in both cases, and neither case refers to a magical free market. For some commentary on the metaphor as Smith used it, check out this recent post:
« Economy of Words | Main | 18,000 Soldiers Form the Statue of Liberty »
Sep 01, 2008
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