Die "unsichtbare Hand": Vor- und Nachteile nicht-regulierter Märkte aus der Sicht von Adam Smith

Student research project from 2001 in the Department of Economics - History, Grade: 1.0, University of Osnabrück (Chair of Economic Policy), Language: German, Abstract: Well over 200 years have passed since Adam Smith wrote "The Wealth of Nations", the work that made him the founding father of national economics. The fact that the discussion about the interpretation of his statements has still not ebbed away is - one could say - Smith's own fault. Had he not used the metaphor of the "invisible hand" and demanded state abstinence from the economic process, while at the same time leaving room for state intervention in a variety of areas, his work might have been less contradictory and inconsistent. "Smith was always in favor of natural order and market adjustment. Except, of course, when he was not. (David A. Reisman). "The Wealth of Nations.