Invisible Ideology of Mainstream Economics: The “Invisible Hand”

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World Review of Political Economy

Volume 5, Issue 3

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Invisible Ideology of Mainstream Economics: The “Invisible Hand”

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Author(s): Kavous Ardalan

Publication date (Print): Fall 2014

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: mainstream economics, ideology, invisible hand, social detachment

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Abstract

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Author and article information

Journal

Journal ID (doi): 10.13169

Journal ID (publisher-id): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN (Print): 2042891X

ISSN (Electronic): 20428928

Publication date (Print): Fall 2014

Volume: 5

Issue: 3

Pages: 297-314

Article

Publisher ID: worlrevipoliecon.5.3.0297

DOI: 10.13169/worlrevipoliecon.5.3.0297

SO-VID: cf6359fd-c2b2-4303-9d8e-69a23bcb4316

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Notes

For the general literature, see Barth (1976), Kennedy (1978), Lane (1962), Parsons (1951; 1959), and Sutton et al. (1956).
For the economics literature, see Amadae (2003), Backhouse (2010), Dobb (1973), Meek (1967), Melki (2011), Robinson (1962), Schumpeter (1949), and Soderbaum (2008).
For the general literature, see Berger and Luckmann (1966), Geertz (1973), and Ricoeur (1986).
For the economics literature, see Ayers (1967), Boulding (1969), Burke (2004), Colander (2005), Galbraith (1970), Katouzian (1980), Leroux (2004), Macfie (1963), Myrdal (1965), North (1992; 2005), Samuels (1979), and Ward (1972).
For the general literature, see Boggs (1976), Gramsci (1971), Kellner (1978), Korsch (1970), Lukacs (1971), and Mannheim (1936).
For the economics literature, see Di Ruzza and Halevi (2004), Foley (1975; 2004), Fullbrook (2004), Heilbroner (1973; 1988), Hoover (2003), Hunt and Schwartz (1972), Monsen (1963), and Nell (1972).
For the general literature, see Althusser (1984), Marx and Engels ([1970] 2004), Meszaros (1989), Parekh (1982), and Therborn (1980).
For the economics literature, see Bendix (1957), Fine (1980), Freeman and Kliman (2008), Gramm (1973), Lange (1963), and Sweezy (1970).
See Boggs (1976), Gramsci (1971), Korsch (1970), Lukacs (1971), and Mannheim (1936). This section is based on Kellner (1978).
For this literature, see Friedman (1962), Friedman and Friedman (1980), Fukuyama (1992), Hayek (1978), Naisbitt (1995), and Ohmae (1990; 1995). For an alternative view, see Sen (1995). This section is based on Cohn (2005), Scholte (2000), Steger (2002; 2003), and Wriston (1992).
This section is based on Burrell and Morgan (1979).
Much of the discussions that follow is based on Popper (1979) and Frankfurter and Philippatos (1992).
Mobley and Kuniansky's (1992) survey of practitioners in Finance supports their previous surveys in Marketing and Management Information Systems, i.e., divergence of research and practice. Note that, business schools, in general, do research within this same paradigm. This section is based on Ardalan (2008).
See, e.g., Elliott (1974), Epstein (1973), Gans (1974), and Hirsch and Newcomb (1987). This section is based on Altheide (1974).

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Comment on this article

[1] For the general literature, see Barth (1976), Kennedy (1978), Lane (1962), Parsons (1951; 1959), and Sutton et al. (1956).

[2] For the economics literature, see Amadae (2003), Backhouse (2010), Dobb (1973), Meek (1967), Melki (2011), Robinson (1962), Schumpeter (1949), and Soderbaum (2008).

[3] For the general literature, see Berger and Luckmann (1966), Geertz (1973), and Ricoeur (1986).

[4] For the economics literature, see Ayers (1967), Boulding (1969), Burke (2004), Colander (2005), Galbraith (1970), Katouzian (1980), Leroux (2004), Macfie (1963), Myrdal (1965), North (1992; 2005), Samuels (1979), and Ward (1972).

[5] For the general literature, see Boggs (1976), Gramsci (1971), Kellner (1978), Korsch (1970), Lukacs (1971), and Mannheim (1936).

[6] For the economics literature, see Di Ruzza and Halevi (2004), Foley (1975; 2004), Fullbrook (2004), Heilbroner (1973; 1988), Hoover (2003), Hunt and Schwartz (1972), Monsen (1963), and Nell (1972).

[7] For the general literature, see Althusser (1984), Marx and Engels ([1970] 2004), Meszaros (1989), Parekh (1982), and Therborn (1980).

[8] For the economics literature, see Bendix (1957), Fine (1980), Freeman and Kliman (2008), Gramm (1973), Lange (1963), and Sweezy (1970).

[9] See Boggs (1976), Gramsci (1971), Korsch (1970), Lukacs (1971), and Mannheim (1936). This section is based on Kellner (1978).

[10] For this literature, see Friedman (1962), Friedman and Friedman (1980), Fukuyama (1992), Hayek (1978), Naisbitt (1995), and Ohmae (1990; 1995). For an alternative view, see Sen (1995). This section is based on Cohn (2005), Scholte (2000), Steger (2002; 2003), and Wriston (1992).

[11] This section is based on Burrell and Morgan (1979).

[12] Much of the discussions that follow is based on Popper (1979) and Frankfurter and Philippatos (1992).

[13] Mobley and Kuniansky's (1992) survey of practitioners in Finance supports their previous surveys in Marketing and Management Information Systems, i.e., divergence of research and practice. Note that, business schools, in general, do research within this same paradigm. This section is based on Ardalan (2008).

[14] See, e.g., Elliott (1974), Epstein (1973), Gans (1974), and Hirsch and Newcomb (1987). This section is based on Altheide (1974).

World Review of Political Economy

Invisible Ideology of Mainstream Economics: The “Invisible Hand”

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