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Author Szuba, Tadeusz M., author.

Title Adam Smith's invisible hand as self-control mechanism of social structures : theory and applications / Tadeusz Szuba
Published Cham : Springer, [2022]


Description 1 online resource (xxi, 390 pages) : illustrations (chiefly color)
Series Lecture notes in networks and systems ; volume 477
Lecture notes in networks and systems ; v. 477.
Contents Intro -- Foreword -- Preface -- Important methodology remark -- References -- Acknowledgements -- Contents -- Acronyms -- Part I Yesterday -- 1 History of Adam Smith's Invisible Hand Hypothesis-Circumstances of Its Origin and Further Development -- 1.1 Platforms for Adam Smith's Invisible Hand Emergence -- 1.1.1 Difference Between Physical Phenomena and Adam Smith Invisible Hand Phenomenon -- 1.1.2 Role of Life in Adam Smith's Invisible Hand Phenomenon -- 1.2 Personality of Adam Smith -- 1.2.1 What Adam Smith Really Wrote About Invisible Hand
1.2.2 Theological Reference to Adam Smith's Invisible Hand -- 1.3 What We Know for Sure Today About Adam Smith's Invisible Hand -- References -- 2 Importance of Invisible Hand Phenomena for Human Social Structures and Markets-From Interventionism to Liberalism Perspective -- 2.1 French Versus English Garden -- 2.2 Should We Consider Plants as Environment for Invisible Hand? -- References -- 3 Prominent Scientific, Macro-Economy Personalities and Politicians as Supporters and Critics of the Invisible Hand Idea -- 3.1 Key Advocates of Invisible Hand Idea -- 3.2 K. Arrow and G. Debreu Model
3.3 Man in the Middle-J. M. Keynes -- 3.4 Critics of Invisible Hand Idea -- References -- 4 Social Structure as Fundamental Computational Architecture to Host Invisible Hand Computational Processes -- 4.1 Is Adam Smith's Invisible Hand as Meta-control Strategy ... -- 4.2 Elementary Invisible Hand Ruling Elementary Economy of Anthill -- 4.2.1 Anthill Economy -- 4.2.2 Invisible Hand Ruling Anthill -- 4.3 How Should Human Social Structures Be Organized ... -- 4.3.1 Demonstration of Power of Organizational Economics -- 4.3.2 Organizational Economics-From Efficiency Toward Serfdom
4.3.3 Inca Economy-Underappreciated Example of Organizational Economics -- References -- 5 When Invisible Hand Emerges and When Disappears -- 5.1 The Invisible Hand in Life Practice-Two Achievements -- 5.1.1 Adam Smith's Invisible Hand-in the 18th Century United Kingdom Capsule -- 5.1.2 Battle Over Trade-Poland 1947-1989 -- 5.2 What Reduces and What Amplifies Invisible Hand -- 5.2.1 Favorable Environment for the ASIH-The Quest for a New Kind of Equilibrium -- 5.2.2 Impulse Activating ASIH -- 5.2.3 Populism as a Threat to ASIH -- 5.2.4 Lust for Power of Incompetent Individuals
5.2.5 Natural Disasters as a Threat to ASIH -- References -- Part II Today -- 6 Toward Understanding Invisible Hand as Hidden Computational Process -- 6.1 Short History of Computational Processes -- 6.2 Educational Example of Molecular Computations -- 6.3 Herbert Simon's Dream on Computational Models of Scientific Discovery -- 6.4 Adleman's Molecular DNA Computer -- 6.4.1 Criticism of Adleman's DNA Computer -- 6.5 Formal Models of Molecular Computations -- 6.5.1 Membrane Computations -- 6.5.2 Balanced Model of Molecular Computations
Summary This book shows how such a computational process functions, how great is its power and versatility, since it is possible to show how discoveries are made. In 1759, A. Smith realized that there must exist an additional powerful control mechanism behind Great Britains authority and government, explaining the extraordinary successes of Great Britain. He called this the Invisible Hand. Despite having used this term only 3 times, the idea evokes extreme scientific and political emotions to this day. If we apply a molecular model of computation, such as in in Adlemans DNA computer, a computational model for the Invisible Hand can be built to show how it affects a society. It is a spontaneous, unconscious, distributed, noncontinuous computational process on the platform of minds of, e.g., people or ants. Knowing this mechanism, a future self-steering and self-optimization system for AI robot teams can be proposed, e.g., for construction sites and rescue operations
Bibliography Includes bibliographical references and index
Notes Online resource; title from PDF title page (SpringerLink, viewed November 17, 2022)
Subject Social control.
Free enterprise.
Equilibrium (Economics)
Computational intelligence.
Computational intelligence.
Equilibrium (Economics)
Free enterprise.
Social control.
Genre/Form Electronic books
Form Electronic book
ISBN 9783031062568