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- Title
¿ES POSIBLE LA MANO INVISIBLE?
- Authors
KRAUSE, MARTÍN
- Abstract
One of the main contributions of economics to the social sciences, expressed in the famous metaphor of the "invisible hand", ended up being questioned by a good part of the economists. Based on the assumption of an individual maximizer of monetary utility, the social cooperation in which it consists failed, and it was not possible to expect it to succeed. However, recent developments in various areas have provided new elements in favor of its possibility, its sustainability over time, and its extension to larger groups. In this work we will consider the recent contributions related to this topic in Game Theory, Experimental Economics, Evolutionary Psychology and the analysis of historical cases that help to elucidate the theory and confirm its concepts. It will be considered how these areas of the social sciences have contributed with new elements to the understanding of social cooperation and voluntary actions. It concludes by stating that the invisible hand failure should, at least, be questioned, and that there is still a large field to be developed in the analysis of these spontaneous orders, although there have been great contributions in recent decades.
- Subjects
FREE enterprise; EVOLUTIONARY psychology; EXPERIMENTAL economics; SOCIOECONOMICS; PUBLIC spaces
- Publication
Procesos de Mercado, 2019, Vol 16, Issue 1, p213
- ISSN
1697-6797
- Publication type
Article
- DOI
10.52195/pm.v16i1.40