The Invisible Hand of Morals
Explore the parallel between Adam Smith's invisible hand theory in economics and his concept of developing an invisible hand of morals. Discover how these mechanisms interact and whether they are distinct. Dive into the idea of prosperity as a natural return for hard work and prudence, and the absence of a price mechanism in the moral sphere. Reflect on Smith's belief that God created everything to work out in the best way possible.In this clip
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EconTalk
Dan Klein on The Theory of Moral Sentiments, Episode 5--A Discussion of Parts III (cont.), IV, and V
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