Journal of Economic Methodology 16 (4):409-416 (2009)
| Abstract |
N. Emrah Aydinonat's account of the invisible-hand is analysed. One of the conditions for unintended social consequences is it requires that individuals' intentions are exclusively directed at the individual level. This condition is weakened in order to accommodate cases in which individuals may also aim at consequences at the social level but the model clearly depicts the invisible hand. Lehtinen's model of counterbalancing strategic votes is proposed as an example that satisfies Aydinonat's conditions, if they are modified as suggested.
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| DOI | 10.1080/13501780903337354 |
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References found in this work BETA
Models, Conjectures and Exploration: An Analysis of Schelling's Checkerboard Model of Residential Segregation.N. Emrah Aydinonat - 2007 - Journal of Economic Methodology 14 (4):429-454.
What’s Wrong with Invisible-Hand Explanations?David L. Hull - 1997 - Philosophy of Science 64 (4):126.
The Welfare Consequences of Strategic Voting in Two Commonly Used Parliamentary Agendas.Aki Lehtinen - 2007 - Theory and Decision 63 (1):1-40.
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Citations of this work BETA
Riippumattomuusehto sosiaalisen valinnan teoriassa – melkein viimeistä kertaa.Aki Lehtinen - 2017 - Ajatus 74 (1):241-280.
A Welfarist Critique of Social Choice Theory: Interpersonal Comparisons in the Theory of Voting.Aki Lehtinen - 2015 - Erasmus Journal for Philosophy and Economics 8 (2):34.
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