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Philanthropy and the Invisible Hand: Hayek, Boulding, and Beyond

In: Accepting the Invisible Hand

Author

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  • Robert F. Garnett

Abstract

Since the official end of the Cold War two decades ago, economists across the ideological spectrum have advanced broader visions of human behavior and social cooperation. This diverse movement includes, among others, experimental economists, behavioral economists, social economists, development economists, feminist economists, post-Marxist economists, classical liberal economists, and historians of economic thought.1 As a group, these thinkers aim to reinscribe Adam Smith’s invisible hand concept within complex analytic structures that resist standard Walrasian reductions of economic relations to market exchange and human behavior to narrow self-interest.2

Suggested Citation

  • Robert F. Garnett, 2010. "Philanthropy and the Invisible Hand: Hayek, Boulding, and Beyond," Perspectives from Social Economics, in: Mark D. White (ed.), Accepting the Invisible Hand, chapter 0, pages 111-137, Palgrave Macmillan.
    • Handle: RePEc:pal:pfschp:978-0-230-11431-9_6
    DOI: 10.1057/9780230114319_6
    as

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