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Free accessOther version: http://journals.sagepub.com/doi/10.1177/0539018415608966
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Scientific Article
unige:97605 
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The virtual reality of the invisible hand |
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| Published in | Social Science Information. 2016, vol. 55, no. 1, p. 115-134 | |
| Abstract | Self-centred based explanations such as invisible-hand accounts look like armchair constructions with no relevance to the real world. Whether and how they nonetheless provide an insight into social reality is a puzzling matter. Philip Pettit’s idea of self- interest virtually bearing on choices offers the prospect of a solution. In order to assess the latter we first distinguish between three variants of invisible-hand explanations, namely: a normative, an historical and a theoretical one. We then show that, while the model of virtual self-interest is a helpful gloss on each variant, it may not convincingly succeed, pace Pettit, in reconciling the economic mind with the common mind. | |
| Keywords | Carl Menger — Invisible-hand explanation — Philip Pettit — Resilience — Self-interest | |
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| Full text |
Article (Published version) (167 Kb) - Free access Other version: http://journals.sagepub.com/doi/10.1177/0539018415608966 |
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| Structures | ||
| Research group | Thumos | |
| Projects | FNS: PMPDP1_145534 FNS: PMPDP1_145534 | |
| Citation (ISO format) | DAYER-TIEFFENBACH, Emma. The virtual reality of the invisible hand. In: Social Science Information, 2016, vol. 55, n° 1, p. 115-134. https://archive-ouverte.unige.ch/unige:97605 |
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