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In response to a comment by David Chester regarding Adam Smith and the Invisible Hand, I am reproducing the section in the paper which deals with this issue. This answers his question about how what is attributed to Adam Smith differs from what he actually said. [Excerpt from the paper: Failures of the Invisible Hand] Section 6: Recent Vintage of the Invisible Hand The main goal of this section is to show that the modern interpretation of the IH is relatively recent. The idea that Mankiw (toget. show all text
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@WholeBoardDev: "what is attributed to Adam Smith differs from what he actually said" http://ift.tt/2sn61Or; #corpgov
@ProfPadfield: "what is attributed to Adam Smith differs from what he actually said" http://ift.tt/2sn61Or; #corpgov
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