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The Invisible Hand in Economics: How Economists Explain Unintended Social Consequences book cover

1st Edition

The Invisible Hand in Economics How Economists Explain Unintended Social Consequences

By N. Emrah Aydinonat Copyright 2008
272 Pages 16 B/W Illustrations
by Routledge

272 Pages 16 B/W Illustrations
by Routledge

This is a book about one of the most controversial concepts in economics: the invisible hand. The author explores the unintended social consequences implied by the invisible hand and discusses the mechanisms that bring about these consequences. The book questions, examines and explicates the strengths and weaknesses of invisible-hand explanations concerning the emergence of institutions and... Read more
1. Introduction 2. Unintended Consequences 3. The Origin of Money 4. Segregation 5. The Invisible Hand 6. The Origin of Money Reconsidered 7. Models and Representation 8. Game Theory and Conventions. Conclusion

Biography

N. Emrah Aydinonat is Lecturer in philosophy of economics and economic growth at Ankara University, Turkey.

"This is a significant contribution to the philosophy of social science which will also engage the interest of reflective economic theorists."

Robert Sugden, University of East Anglia, UK

"The book is a candidate to become compulsory reading for methodologists and philosophers of science, as well as for those economists who take seriously the issue of their models’ epistemological foundations."

Nicola Giocoli, University of Pisa, Italy

"This is a book that cannot fail to provoke thoughtful reactions from its readers about the potentialities of explanation in economics."

Mark Blaug, Erasmus University
Erasmus Journal for Philosophy and Economics

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