Wade Hands’ Review of The Invisible Hand in Economics

Wade Hands’ Review of The Invisible Hand in Economics

Here is the last paragraph of Wade Hands’ review of The Invisible Hand in Economics (History of Political Economy 2010; 42: 388-390):

“In summary, I found Aydinonat’s book to be a very important contribution to the literature. This is not to say that I would not quibble about specific details of his argument – but it does provide a very useful, and quite coherent, framework for thinking about the explanatory power and adequacy of invisible hand-type explanations. Such explanations are so pervasive in economics – for some they define economics – and yet we previously lacked any coherent framework for situating them within the broader context of scientific explanations in general. Aydinonat has provided us with a badly needed framework for investigating these issues. The Invisible Hand in Economics will not be the last word on invisible hand explanations, but it will become an obligatory reference point for any future research on the subject, and I recommend it to anyone who would like to better understand this very important class of models. “

If you’d like to read the full review you must visit History of Political Economy’s web site.

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