Title: Negative Analysis of the Invisible Hand: an Economic Revolution by Karl Marx
Abstract: Marxist economics and western economics made positive anlyses, dialectical respectively, of the famous hypothesis of the invisible hand by Adam Smith and came to completely opposite conclusions: while the former believed that the capitalist mode of production was doomed to perish, the latter expected it to go on forever. Karl Marx made a comprehensive and systematic analysis which criticized the notions of natural order, dual theory of human nature, economic man, pure competition, general equilibrium, and ideal society, and thus exploded the Smith myth, the core of the western economics.
Publication Year: 1999
Publication Date: 1999-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot