Wednesday, October 29, 2014


The Real Story Behind the Invisible Hand
LSE public lecture  Date: Thursday 30 October 2014
Time: 6.30-8pm
Venue: Old Theatre, Old Building
Speaker: Russell Roberts
Chair: Tim Frost
“Adam Smith gave the world the metaphor of the invisible hand, the most famous metaphor of economics. But he only used the phrase three times in his writings. And none of the uses reflect what the phrase has come to mean today--a justification of laissez-faire capitalism. Yet Smith is indeed a key figure in the idea of emergent order--order that is the result of human action but not human design. Ironically, his richest explanation of that concept may be found in his little-known masterpiece, The Theory of Moral Sentiments. His application there is not to our economic system, but to the very idea of civilization and culture. This talk explores Smith's concept of emergent order and its relevance for our conduct today and its potential to let all of us help to make the world a better place.”
Russell Roberts (@EconTalker), author of How Adam Smith Can Change Your Life, is a research fellow at Stanford University's Hoover Institution and the host of EconTalk, a weekly hour-long award-winning podcast. Previously, he was a professor of economics at George Mason University and founding director of the Center for Experiential Learning at the John M. Olin School of Business at Washington University.
This event is free and open to all with no ticket or pre-registration required. Entry is on a first come, first served basis. For any queries see LSE Events FAQ or contact us at 0207 955 6043. 
The above news, to put it mildly, is welcome news to Lost Legacy. Russel is a prominent public economist in the USA and speaks to a wide audience.
If I could travel I would attend.  If you can go please attend and send your post to Lost Legacy. 

Lost Legacy is no longer a lone voice.


Post a Comment

<< Home