Adam Smiths invisible hand: content and role

Occupation: Professor, political economy department at Lomonosov Moscow State University
Affiliation: Lomonosov Moscow State University
Address: Russian Federation, Moscow

Journal name

Obshchestvennye nauki i sovremennost

Edition

Issue 6

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

Publication date

28.12.2018

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GOST	Taranukha Y. Adam Smith's “invisible hand”: content and role // Obshchestvennye nauki i sovremennost – 2018. – Issue 6 C. 162-173 [Electronic resource]. URL: https://ons-journal.ru/S086904990002758-5-1 (circulation date: 27.04.2024). DOI: 10.31857/S086904990002758-5
MLA	Taranukha, Yury "Adam Smith's “invisible hand”: content and role." Obshchestvennye nauki i sovremennost 6 (2018):162-173. DOI: 10.31857/S086904990002758-5
APA	Taranukha Y. (2018). Adam Smith's “invisible hand”: content and role. Obshchestvennye nauki i sovremennost (6), pp.162-173 DOI: 10.31857/S086904990002758-5

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