Warren J. Samuels is Professor Emeritus of Economics at Michigan State University, where he taught from 1968 to 1998. He previously served on the faculties of the University of Missouri, Georgia State University, and the University of Miami. One of the most prolific historians of economic thought, with cognate interests in the philosophy of economics, public finance, and law and economics, he has been president of the History of Economics Society and the Association for Social Economics. Professor Samuels was awarded the Kondratieff Medal by the Kondratieff Foundation of Moscow. He is the author of more than ten books and the editor of several dozen titles, as well as more than seventy volumes in the series Research in the History of Economic Thought and Methodology and Recent Economic Thought, as well as for the Journal of Economic Issues. He received his PhD from the University of Wisconsin.
Preface
1. Adam Smith's invisible hand and the Nobel prize in economic sciences
2. The political economy of Adam Smith
3. On the identities and functions attributed to the invisible hand
4. Adam Smith's History of Astronomy argument: how broadly does it apply? And where do propositions which 'sooth the imagination' come from?
5. Conceptual and substantive issues and problems
6. The invisible hand in an uncertain world with an uncertain language
7. The invisible hand as knowledge
8. The invisible hand and the economic role of government
9. The survival requirement of Pareto optimality
10. Conclusions and further insights.
