Adam Smith's answer to the Feldstein-Horioka Paradox: The invisible hand revisited

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 110
Issue: 1
Pages: 36-37

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Adam Smith explained the Feldstein-Horioka Paradox, arguing that it is the pursuit of security that leads owners of capital to invest at home and that it is the pursuit of security, not profit, that leads them to promote the good of society.

Technical Details

RePEc Handle
repec:eee:ecolet:v:110:y:2011:i:1:p:36-37
Journal Field
General
Author Count
2
Added to Database
2026-02-02