Adam Smith's “invisible hand”: content and role
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Adam Smith's “invisible hand”: content and role
Annotation
PII
S086904990002758-5-1
DOI
10.31857/S086904990002758-5
Publication type
Article
Status
Published
Authors
Yury Taranukha 
Occupation: Professor, political economy department at Lomonosov Moscow State University
Affiliation: Lomonosov Moscow State University
Address: Russian Federation, Moscow
Edition
Pages
162-173
Abstract

The article studies the initial stage of the emerging theory of competition. The mysterious market “invisible hand” in A. Smith’s understanding is nothing but a competition. The references to A. Smith used to justify economic liberalism often do not fully correspond to his views, and the critical attitude to competition was actually formed at its early stage.

Keywords
competition, “invisible hand”, free competition, economic liberalism
Received
28.12.2018
Date of publication
28.12.2018
Number of purchasers
0
Views
90
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0.0 (0 votes)
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