The 'invisible hand' and British fiction, 1818-1860

Adam Smith, political economy, and the genre of realism

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Last edited by MARC Bot
April 24, 2025 | History

The 'invisible hand' and British fiction, 1818-1860

Adam Smith, political economy, and the genre of realism

  • 4.0 (1 rating)
  • 1 Want to read
  • 1 Have read

Some economic ideas are too interesting to be left to economists. This book argues that Adam Smith's metaphor of the 'invisible hand' ₆ in which selfish economic actions are mysteriously transformed into aggregate social benefits in a capitalist economy ₆ implies an entire spatial and temporal system in which the morality of any particular action can only be understood in the context of society as a whole. The 'Invisible Hand' and British Fiction argues that while political economists focused only on the optimistic outcomes of capitalist moral activity, Smith's model of ironic morality also influenced the work of novelists including Austen, Dickens, Martineau, Thackeray, Gaskell, and Eliot. Their realist novels represent the reconciliation between individual ignorance and systemic overview as much less stable than the economic synthesis, using omniscient narrative voices, multiple perspectives, and humor to depict a wide variety of possible outcomes. Smith shares with the realists a vision of modern society that is structured around a fragile trust in the benefits of unintended consequences.

Publish Date
Publisher
Palgrave Macmillan
Language
English
Pages
251

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Book Details


Edition Notes

Includes bibliographical references and index.

Published in
Houndmills, Basingstoke, Hampshire, New York
Series
Palgrave studies in nineteenth-century writing and culture, Palgrave studies in nineteenth-century writing and culture

Classifications

Dewey Decimal Class
820.9/355
Library of Congress
PR868.E37 C68 2011, PN849.G74PN45-PN57HM

The Physical Object

Pagination
xi, 251 p. ;
Number of pages
251

Edition Identifiers

Open Library
OL24917573M
ISBN 10
0230290787
ISBN 13
9780230290785
LCCN
2011004360
OCLC/WorldCat
692287882

Work Identifiers

Work ID
OL16014037W

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