Entrepreneurship, knowledge and employment

The invisible hand, a moral dilemma, not economic

Bravo Olivares Manuel Alfredo, UNAM, FES Aragón

The concept of the invisible hand has one of the most serious contradictions of economic liberalism, it supposes the existence of over natural forces that govern the economic action of society, which leads us to mislead scientific knowledge, although for economists it is very simple to deduce the economic balance, at the origin of the reasoning is a moral and deistic dogma. Liberalism as a philosophy of capitalism is the result of social relations of production, it has a classist cut, it is essentially economic. Economic liberalism has three pillars from which the rest of the foundations emerge: the property right that is of use, enjoyment and enjoyment for the one who possesses and for the dispossessed of freedom of work, the fundamental relationship of capitalism wage labor- capital, the invisible hand as the fundamental economic mechanism and freedom of trade for the benefit of the owners, founded on laissez-faire laissez laissez-passer by Vincent de Gournay. The study of economics leads to the recognition of the dogma of the invisible hand as the point of departure and reference of economic equilibrium, it is Adam Smith who posits selfishness as the starting point of his reasoning, the philosophical origin of his thoughts leads us to a rigorous revision of Hutcheson, Hume and of course Bernarde de Mandeville. However, the students of the economy only refer us to research on the nature and causes of the wealth of Smith's Nations as the nodal point of the approach of the invisible hand, when it is a previous reasoning of moral and deistic origin. The intention is to explain the origin of the reasoning of the invisible hand, the basis of equilibrium in classical theory, through the philosophical writings of Smith.


Keywords: Adam Smith, invisible hand, free market

Paper file