Abstract
Adam Smith's invisible hand metaphor (IH) is examined in light of two different accounts of the origin of traits: Charles Darwin's theory of evolutionary optimization and William Paley's theory of divine intervention. Smith's stand supersedes both accounts. For Smith, intermediating drives, such as the sexual one, neither arise accidentally and favored according to their fitness à la Darwin nor planted by the Deity à la Paley. For Smith, such drives are adopted in light of their ultimate end. Smith did not provide an account of how the drives are connected to their far-reaching, invisible beneficial ends or why do agents become dimly aware of that causality.
Original language | English |
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Pages (from-to) | 373 - 394 |
Number of pages | 22 |
Journal | Journal of Evolutionary Economics |
Volume | 10 |
Issue number | 4 |
Publication status | Published - 2000 |
Keywords
- Admiration and social rank
- Class-biased viewpoint
- General rules
- Organization order
- Origin-from-accident
- Origin-from-Deity
- Origin-from-purposeful-action
- Parent-child love
- Public image
- Stoicism
- Sympathy