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The Hand Behind the Invisible Hand Dogmatic and Pragmatic Views on Free Markets and the State of Economic Theory
Bristol University Press • Jul 22, 2020 • 278 pages
Available Open Access under CC-BY-NC-NDMade famous by the Enlightenment thinker Adam Smith, the concept of an 'invisible hand' might be taken to imply that a government that governs least governs the best, from the viewpoint of society. Here an invisible hand appears to represent unfettered market forces.Drawing from this much-contested notion, Mittermaier indicates why such a view represents only one side of the story and distinguishes between what he calls pragmatic and dogmatic free marketeer...