The Market as Utopia: The “Invisible Hand” Thesis

  • Ayman Reda
Part of the Palgrave Studies in Islamic Banking, Finance, and Economics book series (IBFE)


This chapter engages in a penetrating analysis of the concept of Smith’s famous “invisible hand” thesis. The chapter benefits considerably from Warren Samuel’s groundbreaking study of the “invisible hand” argument. The chapter presents an Islamic critique of Smith’s thesis, highlighting the moral contradictions and gaps in his argument.


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  3. Samuels, Warren J. 2011. Erasing the Invisible Hand: Essays on an Elusive and Misused Concept in Economics. Cambridge: Cambridge University Press.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Ayman Reda
    • 1
  1. 1.EconomicsThe University of Michigan - DearbornDearbornUSA

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