Bristol University Press The hand behind the invisible hand: dogmatic and pragmatic views on free markets and the state of economic theory/karl mittermaier
Bristol University Press

Bristol University Press The hand behind the invisible hand: dogmatic and pragmatic views on free markets and the state of economic theory/karl mittermaier

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Available Open Access under CC-BY-NC-ND Made 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 markete.

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Bristol University Press The hand behind the invisible hand: dogmatic and pragmatic views on free markets and the state of economic theory/karl mittermaier

Bristol University Press The hand behind the invisible hand: dogmatic and pragmatic views on free markets and the state of economic theory/karl mittermaier

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