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Distilling Economic Literature

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Distilling Economic Literature

Tag: Externality

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

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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