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Distilling Economic Literature

Tag: Wealth

Why We Bite the Invisible Hand

Adam Smith Would Be Surprised to Learn People Think He Supports Greed

Dr. Ellen Clardy, April 21, 2023August 1, 2025

Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 2 “The Sage of Kirkcaldy” In this chapter, Peter Foster follows Adam Smith through the years as he developed his ideas that were enshrined in his two books, The Theory of Moral Sentiments in 1759 and The Wealth of Nations in…

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