archive

The morality of the invisible hand

A review of Reckoning with Markets: Moral Reflection in Economics by James Halteman and Edd Noel. Robert Skidelsky and Edward Skidelsky (self-appointed messiahs of the nanny state) on how too much faith in markets denies us the good life (and more and more). Is it relevant that, well, to put it bluntly, people do not seem to understand much about market economics? Derek Thompson on 10 things economics can tell us about happiness. New research suggests that more money makes people act less human — or at least less humane. Gertrude Himmelfarb on Adam Smith and the morality of the invisible hand. One of the best-kept secrets in economics is that there is no case for the invisible hand. Why do people who consider themselves pro-free market take radically different positions on the mobility of capital and labor? John Paul Rollert on what Adam Smith knew about inequality. As economics teachers struggle to make sense of a post-crisis world, they may have an unlikely army of helpers — ants. A review of The Prosperity of Vice: A Worried View of Economics by Daniel Cohen. Johannes Steenbuch on creativity and the ethics of productivism.