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From the History of Astronomy to the Wealth of Nations: Wonderful Wheels and Invisible Hands in Adam Smith’s Major Works

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Inflation, Institutions and Information

Abstract

Adam Smith’s works are particularly dear to Axel Leijonhufvud. Well before the spreading interest in endogenous growth, Professor Leijonhufvud revived ‘an old parable, Adam Smith’s theory of manufacturing production, which has been shunted aside and neglected because it has not fitted into the formal structure of either neo-classical or neo-Ricardian theory’.1

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© 1996 Daniel Vaz and Kumaraswamy Velupillai

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Luna, F. (1996). From the History of Astronomy to the Wealth of Nations: Wonderful Wheels and Invisible Hands in Adam Smith’s Major Works. In: Vaz, D., Velupillai, K. (eds) Inflation, Institutions and Information. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13521-9_8

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