This book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith. It interprets the concept as ideology, knowledge, and a linguistic phenomenon. It shows how the principal Chicago School interpretation misperceives and distorts what Smith...

Warum kommt es zu Finanzkrisen? Warum sind die Reichen reich und die Armen arm? Wie funktioniert Geld? Woher kommt das Wachstum? Schon Kinder stellen diese Fragen - aber die Ökonomen können sie nicht beantworten. Ihre theoretischen Modelle haben mit dem realen Kapitalismus nichts zu tun....

Cover -- Title -- Copyright -- Dedication -- Contents -- Acknowledgments -- Preface -- 1 Adam Smith's Invisible Hand and the Nobel Prize in Economic Sciences -- 1.1. The Research Protocols of Economics, the Ironies That Result from Them, and Other Preliminaries -- 1.2. Adam Smith and Some Nobel...

Chapter 1. General Introduction: Why Should We Study the History of Economic Theory? -- Chapter 2. Introduction -- Chapter 3. Economics in Cambridge: Alfred Marshall, the Old Cambridge School, and Their Opponents in England -- Chapter 4. Economics in Lausanne: Vilfredo Pareto and the Lausanne...