The Invisible Hand and the Common Good

  • Bernard Hodgson
Conference proceedings

Part of the Studies in Economic Ethics and Philosophy book series (SEEP)

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Introduction

    1. Bernard Hodgson
      Pages 1-9
  3. Setting the Problem

  4. Constraining the Invisible Hand

    1. Front Matter
      Pages 49-49
    2. Edward J. Nell
      Pages 51-68
  5. Moral Rights and Market Society

    1. Front Matter
      Pages 119-119
    2. John Douglas Bishop
      Pages 121-133
    3. Michael Neumann
      Pages 134-148
  6. The Tyranny of the Invisible Hand

    1. Front Matter
      Pages 149-149
    2. John McMurtry
      Pages 151-182
  7. Economic Theory and Normative Realism

  8. Free Hands and Moral Communities

  9. The Global Reach of the Invisible Hand

  10. Back Matter
    Pages 457-465

About these proceedings


The basic moral significance of neo-classical economics and the competitive market system it represents is founded on the classical liberal tradition in which the "simple system of natural liberty" is claimed to give expression to the harmony of each with all. Though such a common good would not be the outcome of the intentions of individual agents or state planning, nevertheless, the impersonal forces of a capitalist market would so allocate resources as to lead the self-interested participants in such an economy, as if by an "invisible hand", to a coherent social order of mutual advantage. The papers in this volume critically examine central aspects of the preceding social ethos underlying contemporary political economy and our increasingly globalized market culture. The inquiry is undertaken from a variety of disciplinary perspectives at the intersection of philosophy, economics, political science, sociology, psychology, and computer science.


Capitalism Governance Invisible Hand Nation Political Science Public Goods agents ethics ideology morality philosophy political economy

Editors and affiliations

  • Bernard Hodgson
    • 1
  1. 1.Department of Philosophy, Lady Eaton CollegeTrent UniversityPeterboroughCanada

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 2004
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-06109-7
  • Online ISBN 978-3-662-10347-0
  • Series Print ISSN 2211-2707
  • Series Online ISSN 2211-2723
  • Buy this book on publisher's site
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