Why We Bite the Invisible Hand
Author | : Peter Foster |
Publisher | : |
Total Pages | : 495 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 9780992127619 |
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Author | : Peter Foster |
Publisher | : |
Total Pages | : 495 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 9780992127619 |
Author | : Peter Foster |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 9780992127602 |
In Why We Bite the Invisible Hand, Peter Foster delves into a conundrum: How can we at once live in a world of expanding technological wonders and unprecedented well-being, and yet hear a constant drumbeat of condemnation of the system that created it? That system, capitalism, which is based on private property and voluntary dealings, is guided by the "Invisible Hand," the metaphor for economic markets associated with the great Eighteenth Century Scottish philosopher Adam Smith. The hand guides people to serve others while pursuing their own interests, and produces a broader good that, as Smith put it, is "no part of their intention." Critics. however, claim that the hand is tainted by greed, leads to inequity and dangerous corporate power, and threatens not merely resource depletion but planetary disaster. Foster probes misunderstanding, fear and dislike of capitalism from the dark satanic mills of the Industrial Revolution through to the murky concept of sustainable development. His journey takes him from Kirkcaldy, the town of Smith's birth, through Moscow McDonald's and Karl Marx's Manchester, on a trip to Cuba to smuggle dollars, and into the backrooms of the United Nations. His cast of characters includes the man who wrote the entry for "capitalism" in the Great Soviet Encyclopaedia, a family of Kirkcaldy butchers, radical individualist Ayn Rand, father of evolutionary theory Charles Darwin, numerous Nobel prizewinning economists, colonies of chimpanzees, and "philanthrocapitalist" Bill Gates. Foster suggests that the key to his conundrum lies in the field of evolutionary psychology, which offers to help us understand both why some of what Adam Smith called our complex "moral sentiments" may be outdated, and why so many of our economic assumptions tend to be wrong. We are hunter gatherers with iPhones. The Invisible Hand is counterintuitive to minds formed predominantly in small close-knit tribal communities where there were no extensive markets, no money, no technological advance and no economic growth. Equally important, we don't have to understand the rapidly evolving economic "natural order" to operate within it and enjoy its benefits any more than we need to understand our nervous or respiratory systems to stay alive. But that also makes us prone to support morally-appealing but counterproductive policies, such as minimum wage legislation. Foster notes that politicians and bureaucrats -- consciously or unconsciously -- exploit moral confusion and economic ignorance. Ideological obsession with market imperfections, income gaps, corporate power, resource exhaustion and the environment are useful justifications for those seeking political control of our lives. The book refutes claims that capitalism's validity depends on the system being "perfect" or economic actors "rational." It also notes the key difference between capitalism and capitalists, who are inclined to misunderstand the system as much as anyone. Foster points to the astonishing rise in recent decades of radical, unelected environmental non-governmental organizations, ENGOs. Closely related to that rise, Foster examines with one of the biggest and most contentious issues of our time: projected catastrophic man-made climate change. He notes that while this theory is cited as the greatest example in history of "market failure," it in fact demonstrates how both scientific analysis and economic policy can become perverted once something is framed as a "moral issue," and thus allegedly "beyond debate." Foster's book is not a paean to greed, selfishness or radical individualism. He stresses that the greatest joys in life come from family, friendship and participation in community, sport and the arts. What has long fascinated him is the relentless claim that capitalism taints or destroys these aspects of humanity rather than promoting them. Moreover, he concludes, when you bite the Invisible Hand... it always bites back.
Author | : Marc Morano |
Publisher | : Simon and Schuster |
Total Pages | : 302 |
Release | : 2022-08-30 |
Genre | : Political Science |
ISBN | : 168451276X |
Here is the antidote to the left's sinister push to use a worldwide crisis to infuse our lives with the values of collasal statism and dystopian self-hatred, all accelerated by the duplicitous manipulation of the recent pandemic. From the nationally best-selling author of The Politically Incorrect Guide to Climate Change. Welcome to 2030. I own nothing, have no privacy, and life has never been better. This is the vision of the Great Reset, according to globalist leaders. While proponents of the Great Reset push slogans like “Build Back Better,” “The Fourth Industrial Revolution,” and “A New Normal,” the Reset is nothing short of a rebranded Soviet system, threatening to strip away property rights, restrict freedom of movement and association, and radically reshape our diets and way of life. In The Great Reset: Global Elites and the Permanent Lockdown, bestselling author and ClimateDepot.com publisher, Marc Morano, unveils the origins of the Great Reset, who is behind it, how it is being implemented, and how COVID-19 and the alleged “climate emergency” accelerated its imposition on the United States. Packed with telling statistics and damning quotes, The Great Reset is the essential handbook for the public, the media, and activists on how to critically analyze and expose the tyrannical policies silently strangling our liberties today.
Author | : David Yager |
Publisher | : FriesenPress |
Total Pages | : 487 |
Release | : 2019-03-26 |
Genre | : Science |
ISBN | : 1525545183 |
A miracle. Coal, oil and natural gas, the carbon-based fossil fuels that powered the Industrial Revolution and civilization’s rapid advancement. A menace. Climate change has how convinced many that carbon emissions are the world’s greatest challenge. The necessity and benefits of decarbonizing the global industrial and energy complex are well articulated. What is not explained is this will require the largest financial disruption in history, affecting everyone and everything. For over a century Alberta’s massive carbon resources have supported Alberta and Canada financially, helping make Canada the world’s fifth-largest oil and gas producer. Carbon has been a major driver of prosperity, employment and opportunity, shaping the country we know today. However, climate change is creating enormous challenges for Alberta - and Canada - with no possible outcomes that will satisfy all stakeholders. Alberta has become ground zero for the changes many demand but few are willing to pay for. As the province demonstrates what carbon’s future looks and feels like, unless the rest of the world participates Alberta has become a needless sacrifice. From Miracle to Menace explains how Alberta came to be, the enormity of the planned financial dislocation, and how Alberta, and Canada, can meet the climate challenge without committing economic suicide.
Author | : James Bacchus |
Publisher | : Cambridge University Press |
Total Pages | : 529 |
Release | : 2018-07-19 |
Genre | : Business & Economics |
ISBN | : 1108428215 |
Explains how to grow and govern the global economy in ways that will work economically and environmentally for sustainable development.
Author | : James R. Otteson |
Publisher | : Cambridge University Press |
Total Pages | : 325 |
Release | : 2021-04-08 |
Genre | : Business & Economics |
ISBN | : 1108843379 |
Compelling basic principles of economics every citizen should know to enable better personal decision-making and better evaluation of public policy.
Author | : Michael Hart |
Publisher | : Lulu.com |
Total Pages | : 616 |
Release | : 2015-10-21 |
Genre | : Climatic changes |
ISBN | : 0994903804 |
"The book explores problems and issues that have emerged in national and international discussion of policies to address climate change. It concludes that every solution put forward by the UN and activists poses more problems than might ever emerge from the marginal human impact on natural climate change. Rather than mitigation, governments should focus on adaptation. As is, climate change discussions have become captive of a utopian agenda that is using climate change as a stalking horse to drive alarm in the hope that it will convince governments to act."--
Author | : Invisible hand |
Publisher | : |
Total Pages | : 278 |
Release | : 1815 |
Genre | : |
ISBN | : |
Author | : M.T. Anderson |
Publisher | : Candlewick Press |
Total Pages | : 159 |
Release | : 2017-09-12 |
Genre | : Juvenile Fiction |
ISBN | : 0763687898 |
When jobs typically done by humans are replaced with alien technology from the vuvv, Adam's parents have no money for food, clean water, or medicine. Adam and his girlfriend Chloe are forced to get creative. Since the vuvv love anything of "classic" Earth culture they begin recording 1950s-style dates which the vuvv watch in a pay-per-minute format. As the money rolls in, how far will Adam be willing to go to give the vuvv what they want?
Author | : Brendan Long |
Publisher | : Routledge |
Total Pages | : 275 |
Release | : 2022-12-01 |
Genre | : Business & Economics |
ISBN | : 1000536386 |
This book contributes to the ‘new view’ reading of Adam Smith, providing a historically and contextually rich interpretation of Smith’s thought. Smith built a moral philosophy on the foundations of a natural theology of human sociality. Examination of his life, relationship with David Hume and use of divine names shows that he retained a progressive form of Christian theism. The book interrogates the metaphor of the ‘invisible hand’ and highlights the importance of the religious dimension of Adam Smith’s thought for his moral philosophy, his jurisprudence and his economics. It reflects on the contemporary relevance of a theological reading of Smith and lays the ground for further inquiry between economic and religious perspectives.