Revisiting the "father of capitalism"
The Gray Area with Sean Illing
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Unpacking the Invisible Hand
This chapter explores the concept of the 'invisible hand' as introduced by Adam Smith, critiquing common misconceptions and its evolution in economic thought. It discusses the nuanced relationship between individual actions and the public good, alongside the potential for unintended consequences. By contrasting Smith's original ideas with later interpretations, the chapter reveals the complexities of capitalism and the moral considerations intertwined with economic behavior.
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