IDEAS home Printed from https://ideas.repec.org/a/ejw/journl/v6y2009i3p374-388.html
   My bibliography  Save this article

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

Author

Listed:
  • Gavin Kennedy

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.

Suggested Citation

  • Gavin Kennedy, 2009. "A Reply to Daniel Klein on Adam Smith and the Invisible Hand," Econ Journal Watch, Econ Journal Watch, vol. 6(3), pages 374-388, September.
    • Handle: RePEc:ejw:journl:v:6:y:2009:i:3:p:374-388
    as

    Download full text from publisher

    File URL: https://econjwatch.org/File+download/12/ejw_wat_sep09_kennedy.pdf?mimetype=pdf
    Download Restriction: no
    File URL: https://econjwatch.org/347
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jeffrey T. Young, 1997. "Economics as a Moral Science," Books, Edward Elgar Publishing, number 842.
    2. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    3. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
    4. Ejis, 2009. "Table of Contents," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    5. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Asad Zaman, 2014. "Islam versus economics," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 3, pages iii-iii, Edward Elgar Publishing.
    2. Madarász, Aladár, 2014. "A láthatatlan kéz - szemelvények egy metafora történetéből [The invisible hand - extracts from the history of a metaphor]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 801-844.
    3. David Bevan & Patricia Werhane, 2015. "The Inexorable Sociality of Commerce: The Individual and Others in Adam Smith," Journal of Business Ethics, Springer, vol. 127(2), pages 327-335, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Blair Jenkins, 2009. "Rent Control: Do Economists Agree?," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 73-112, January.
    2. Ian Ayres & John J. Donohue, 2009. "Yet Another Refutation of the More Guns, Less Crime Hypothesis—With Some Help From Moody and Marvell," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 35-59, January.
    3. E. Frank Stephenson & Erin E. Wendt, 2009. "Occupational Licensing: Scant Treatment in Labor Texts," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 181-194, May.
    4. Ian Ayres & John J. Donohue, 2009. "More Guns, Less Crime Fails Again: The Latest Evidence from 1977–2006," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 218-238, May.
    5. Robert Whaples, 2009. "The Policy Views of American Economic Association Members: The Results of a New Survey," Econ Journal Watch, Econ Journal Watch, vol. 6(3), pages 337-348, September.
    6. Stephen Kinsella, 2009. "Preference Falsification in Teaching," Econ Journal Watch, Econ Journal Watch, vol. 6(3), pages 352-358, September.
    7. Daniel B. Klein, 2009. "Intellectual Hazard: A Liberal Selection of Quotations," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 280-312, May.
    8. Micha Gisser & James E. McClure & Giray Okten & Gary Santoni, 2009. "Some Anomalies Arising from Bandwagons that Impart Upward Sloping Segments to Market Demand," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 21-34, January.
    9. Daniel B. Klein, 2009. "In Adam Smith's Invisible Hands: Comment on Gavin Kennedy," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 264-279, May.
    10. Gavin Kennedy, 2009. "Adam Smith and the Invisible Hand: From Metaphor to Myth," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 239-263, May.
    11. Fenske, James, 2014. "Imachi Nkwu: Trade and the Commons," The Journal of Economic History, Cambridge University Press, vol. 74(1), pages 39-68, March.
    12. Steven Horwitz, 2009. "Great Apprehensions, Prolonged Depression: Gauti Eggertsson on the 1930s," Econ Journal Watch, Econ Journal Watch, vol. 6(3), pages 313-336, September.
    13. Christina Jonung & Ann-Charlotte Ståhlberg, 2009. "Does Economics Have a Gender?," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 60-72, January.
    14. Carlisle E. Moody & Thomas B. Marvell, 2009. "The Debate on Shall Issue Laws, Continued," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 203-217, May.
    15. Arnold Kling & John Merrifield, 2009. "Goldin and Katz and Education Policy Failings in Historical Perspective," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 2-20, January.
    16. Dennis Coates & Brad R. Humphreys, 2008. "Do Economists Reach a Conclusion on Subsidies for Sports Franchises, Stadiums, and Mega-Events?," Econ Journal Watch, Econ Journal Watch, vol. 5(3), pages 294-315, September.
    17. Ann Mari May, 2008. "On Gender Balance in the Economics Profession," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 193-198, May.
    18. Peter Hennecke, 2021. "The ECB’s New Monetary Policy Strategy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(5), pages 295-298, September.
    19. Toma Lankauskiene, 2021. "Labour Productivity Growth Determinants in the Manufacturing Sector in the Baltic States," ConScienS Conference Proceedings 025tl, Research Association for Interdisciplinary Studies.
    20. Lars P Feld & Volker Wieland, 2021. "The German Federal Constitutional Court Ruling and the European Central Bank’s Strategy," Journal of Financial Regulation, Oxford University Press, vol. 7(2), pages 217-253.

    More about this item

    Keywords

    Adam Smith; invisible hand; Theory of Moral Sentiments; Wealth of Nations; metaphor; myth;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B0 - Schools of Economic Thought and Methodology - - General
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ejw:journl:v:6:y:2009:i:3:p:374-388. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jason Briggeman (email available below). General contact details of provider: https://edirc.repec.org/data/edgmuus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.