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Adam's Fallacy
by Duncan K. Foley
Harvard University Press, 2006
eISBN: 978-0-674-02707-7 | Paper: 978-0-674-02729-9

ABOUT THIS BOOK | TOC
ABOUT THIS BOOK
This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.

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