Review by Robert Sugden

Review by Robert Sugden

Here is a short review of The Invisible Hand in Economics by Robert Sugden:

“There is a long tradition in the social sciences, going back to Adam Smith, of explaining social phenomena as the unintended consequences of human actions. In this illuminating book, Aydinonat investigates the structure of such explanations and the nature of the claims that can legitimately be derived from them. In the process, he analyses some of the classic ideas in social theory – Smith’s invisible hand, Carl Menger’s explanation of the emergence of money, Thomas Schelling’s analysis of racial segregation, and David Lewis’s theory of convention – with acuity and subtlety. This is a significant contribution to the philosophy of social science which will also engage the interest of reflective economic theorists.”

Robert Sugden (Professor of Economics, University of East Anglia)

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