Law and the Invisible Hand
Title | Law and the Invisible Hand PDF eBook |
Author | Robin Paul Malloy |
Publisher | Cambridge University Press |
Pages | 205 |
Release | 2021-11-18 |
Genre | Law |
ISBN | 1108874606 |
A contemporary interpretation of Adam Smith's work on jurisprudence, revealing Smith's belief that progress emerges from cooperation and a commitment to justice. In Smith's theory, the tension between self–interest and the interests of others is mediated by law, so that the common interest of the community can be promoted. Moreover, Smith informs us that successful societies do at least three things well. They promote the common interest, advance justice through the rule of law, and they facilitate our natural desire to truck, barter, and exchange. In this process, law functions as an invisible force that holds society together and keeps it operating smoothly and productively. Law enhances social cooperation, facilitates trade, and extends the market. In these ways, law functions like Adam Smith's invisible hand, guiding and facilitating the progress of humankind.
Law and the Invisible Hand
Title | Law and the Invisible Hand PDF eBook |
Author | Robin Paul Malloy |
Publisher | Cambridge University Press |
Pages | 205 |
Release | 2021-11-18 |
Genre | Business & Economics |
ISBN | 1108836631 |
Introduction : law's invisible hands -- Setting the stage -- Social organization in the informal realm -- Social organization in the formal realm -- Integrating the informal and formal in Smith's theory -- The spectator view -- Judgment and justice -- The sentiment of common interest -- The impartial spectator, homo-economicus, and homo-identitas -- Understanding the four stages of progress -- Adam Smith in American law -- Parting thoughts.
Invisible Hands, Invisible Objectives
Title | Invisible Hands, Invisible Objectives PDF eBook |
Author | Stephen F. Befort |
Publisher | Stanford University Press |
Pages | 419 |
Release | 2009-06-01 |
Genre | Business & Economics |
ISBN | 080477126X |
The global financial crisis and recession have placed great strains on the free market ideology that has emphasized economic objectives and unregulated markets. The balance of economic and noneconomic goals is under the microscope in every sector of the economy. It is time to re-think the objectives of the employment relationship and the underlying assumptions of how that relationship operates. Invisible Hands, Invisible Objectives develops a fresh, holistic framework to fundamentally reexamine U.S. workplace regulation. A new scorecard for workplace law and public policy that embraces equity and voice for employees and economic efficiency will reveals significant deficiencies in our current practices. To create one, the authors—a legal scholar and an economics and industrial relations scholar—blend their expertise to propose a comprehensive set of reforms, tackling such issues as regulatory enforcement, portable employee benefits, training programs, living wages, workplace safety and health, work-family balance, security and social safety nets, nondiscrimination, good-cause dismissal, balanced income distributions, free speech protections for employees, individual and collective workplace decision-making, and labor unions. Invisible Hands, Invisible Objectives is not just another book that sketches a reform agenda. The book provides the much-needed rubric for how we think about employment policy specifically, but also economic policy more generally. It is a must-read in these most critical times.
The Hand Behind the Invisible Hand
Title | The Hand Behind the Invisible Hand PDF eBook |
Author | Mittermaier, Karl |
Publisher | Bristol University Press |
Pages | 278 |
Release | 2020-07-22 |
Genre | Business & Economics |
ISBN | 1529209099 |
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 marketeers. Published posthumously, with new contributions by Daniel Klein, Rod O’Donnell and Christopher Torr, this book outlines Mittermaier’s main thesis and his relevance for ongoing debates within economics, politics, sociology and philosophy.
The Invisible Hand
Title | The Invisible Hand PDF eBook |
Author | John Eatwell |
Publisher | Springer |
Pages | 294 |
Release | 1989-11-01 |
Genre | Business & Economics |
ISBN | 1349203130 |
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the theory of the invisible hand.
The Grabbing Hand
Title | The Grabbing Hand PDF eBook |
Author | Andrei Shleifer |
Publisher | Harvard University Press |
Pages | 296 |
Release | 1998 |
Genre | Business & Economics |
ISBN | 9780674010147 |
In many countries, public sector institutions impose heavy burdens on economic life. As a consequence of predatory policies, entrepreneurship lingers and economies stagnate. The authors of this collection describe many of these pathologies of a "grabbing hand" government, and examine their consequences for growth.
The Invisible Hand?
Title | The Invisible Hand? PDF eBook |
Author | Bas van Bavel |
Publisher | Oxford University Press |
Pages | 343 |
Release | 2016-06-24 |
Genre | Business & Economics |
ISBN | 0191017671 |
The Invisible Hand? offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them — the market economies — are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. These market economies create flexibility and high mobility in the exchange of land, labour, and capital, and initially they generate economic growth, although they also build on existing social structures, as well as existing exchange and allocation systems. The dynamism that results from the rise of factor markets leads to the rise of new market elites who accumulate land and capital, and use wage labour extensively to make their wealth profitable. In the long term, this creates social polarization and a decline of average welfare. As these new elites gradually translate their economic wealth into political leverage, it also creates institutional sclerosis, and finally makes these markets stagnate or decline again. This process is analysed across the three major, pre-industrial examples of successful market economies in western Eurasia: Iraq in the early Middle Ages, Italy in the high Middle Ages, and the Low Countries in the late Middle Ages and the early modern period, and then parallels drawn to England and the United States in the modern period. These areas successively saw a rapid rise of factor markets and the associated dynamism, followed by stagnation, which enables an in-depth investigation of the causes and results of this process.