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Distilling Economic Literature

Tag: Environmental

Why We Bite the Invisible Hand

Using a Green Wrapper and Moralistic Hyperbole to Cover Anti-Capitalism

Dr. Ellen Clardy, November 3, 2023August 13, 2025

A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 16 “The Greenest Businessman in America” Foster examines the expression of anti-capitalism through the promotion of environmentalism in this chapter. He focuses on one businessman in particular, but uses him as an example to suggest that the movement…

Why We Bite the Invisible Hand

Beyond Good Intentions: We Need to Be Saved from the Saviors of Global Salvationism

Dr. Ellen Clardy, October 21, 2023August 12, 2025

Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 15 “Global Salvationism” In an earlier chapter, Foster refers to the work of economist David Henderson who developed the idea of DIYE, do-it-yourself-economics, which is a compilation of subconscious, erroneous ideas that many people hold…

Why We Bite the Invisible Hand

The Economic Denialism Built into Climate Change

Dr. Ellen Clardy, October 14, 2023August 12, 2025

A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 14 “Moral Climate” I find this chapter a fascinating explanation of the histrionics that surround the climate change topic. I don’t want to get into whether it is man-made or not, real or hoax, but I do want…

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