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Distilling Economic Literature

Tag: Broken Window Fallacy

Why We Bite the Invisible Hand

Bernard Mandeville’s Dark Take on Commerce and the Persistence of Flawed Ideas

Dr. Ellen Clardy, June 23, 2023August 5, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 6 “Tuesdays with Mandeville” As introduced in the last blog, Bernard Mandeville pioneered writing about the hypocrisy he thought was endemic to commerce that was a conversation happily continued by many to follow. Foster dives…

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