'This important book presents a compelling case that traditional received theory (Paretian-utilitarian) has followed a dangerous path - one not espoused by Adam Smith and Nobel Laureate James Buchanan. The latter viewed value and preferences as mutable (not "given") and believed that rights...

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...

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...