Suchergebnisse

1. Transforming economics? : on heterodox economics and the ontological turn in economic methodology / Paul Lewis --2. Transforming post Keynesian economics : critical realism and the post Keynesian project / Stephen P. Dunn -- 3. Macroeconomic theory, (critical) realism and capitalism / John Smithin -- 4. Critical realism and transformational growth / Edward J. Nell -- 5. Critical realism and econometrics : an econometrician's viewpoint / Clive Granger -- 6. Critical realism and feminist economics : how well do they get along? / Edith Kuiper -- 7. The agency-structure model and the embedded individual in heterodox economics / John B. Davis -- 8. Critical realism and the heterodox tradition in economics / Shaun Hargreaves Heap -- 9. Economics as social theory and the new economic sociology / Paul Lewis -- 10. The really real in economics / Scott A. Beaulier and Peter J. Boettke -- 11. Addressing the critical and the real in critical realism / Ben Fine -- 12. Economics as symptom / Jean-Pierre Dupuy -- 13. The economics of institutions and the institutions of economics / Ugo Pagano -- 14. A note on critical realism, scientific exegesis and Schumpeter / Mario Da Graca Moura -- 15. Transforming methodology : critical realism and recent economic methodology / D. Wade Hands.

Abstract
This article is a review essay of Karl Mittermaier's 'The Hand Behind the Invisible Hand', first written as a PhD thesis that was submitted in 1987 and finally published in 2020. The essay examines the main question upon which Mittermaier focuses, namely, whether the institutional framework required for spontaneous market order to arise itself also arises spontaneously, via an invisible hand process, or whether it must instead be deliberately created by the visible hand of the state. The essay considers Mittermaier's analysis of how this issue is addressed in the work of Adam Smith, James Buchanan, Walter Eucken, Friedrich Hayek, and Henry Simons. It also adds some reflections about the issue arising from the work of Elinor Ostrom.