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How much did Adam Smith care about the invisible hand?

‘The Invisible Hand’ is one of economics' most well-known phrases. But what did Adam Smith, the person credited with applying that phrase to economics, really mean when he used it? And how important was it to Smith's economic philosophy? Chicago Booth ethics professor John Paul Rollert digs into Smith's use of the phrase and examines it in the context of Smith's body of writing.Via the Chicago Booth Review

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Adam Smith: What he thought and why it matters

Adam Smith is now widely regarded as ‘the father of modern economics’ and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Was he an eloquent advocate of capitalism and the freedom of the individual? Or a prime mover of ‘market fundamentalism’ and an apologist for inequality and human selfishness?  Or something else entirely?Policy Exchange UK interview with Jesse Norman, MP

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Adam Smith’s ‘invisible hand’

"So what is the "invisible hand"? Is it a sound economic principle grounded in scientific fact? Or is it a nebulous myth? One thing is sure: with stockmarkets tumbling and global economics in permanent crisis, Smith's concept continues to be one of the most controversial big ideas around."Via the The Big Ideas podcast, The Guardian

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The Economist asks: Who was Adam Smith

Anne McElvoy investigates the life of the Scottish philosopher now known as the father of modern economics. What does an author who died in 1790 have to teach us about trade wars and crony capitalism in the 21st century? And which American television villain kept a copy of “The Wealth of Nations” on his bookshelf?

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