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Adam's Fallacy: A Guide to Economic Theology by Duncan K. Foley

By Duncan K. Foley

This publication should be referred to as "The clever Person's consultant to Economics." The name expresses Duncan Foley's trust that economics at its such a lot summary and fascinating point is a speculative philosophical discourse, no longer a deductive or inductive technology. Adam's fallacy is the try to separate the commercial sphere of existence, during which the pursuit of self-interest is led via the invisible hand of the marketplace to a socially necessary end result, from the remainder of social existence, during which the pursuit of self-interest is morally problematical and should be weighed opposed to different ends.

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