Noam Chomsky on Adam Smith and “Invisible Hand”

An extra scene from an interesting documentary American Feud: A History of Conservatives and Liberals (2008/2017). Here, Chomsky explains that the conventional notion of “invisible hand” is mistaken and that though praised by conservatives and mainstream economics, it actually reflects Smith’s critique of, what we call now, neoliberalism, and doesn’t symbolize a “natural” or desirable economic situation.

***
Join Economic Sociology and Political Economy community via
Facebook / Twitter / LinkedIn / Instagram / Tumblr / Reddit / Telegram

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s