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Adam Smith's Invisible Hand as Self-control Mechanism of Social Structures Theory and Applications / by Tadeusz Szuba

By: Szuba, Tadeusz, autor
Series: (Lecture Notes in Networks and Systems, 2367-3389; 477).Publisher: Cham : Springer International Publishing, 2022Edition: 1st edition 2022.Description: 1 recurso en línea (XXI, 390 páginas) : 145 ilustraciones, 120 ilustraciones a color.ISBN: 9783031062568.Online resources: Acceso a este recurso digital (usuarios Universidad Europea de Madrid)Digital Resources
Contents:
History of Adam Smith's Invisible Hand hypothesis -- circumstances of its origin and further development -- Importance of Invisible Hand phenomena for human social structures and markets - from interventionism to liberalism perspective -- Prominent scientific, macro-economy personalities and politicians as supporters and critics of the Invisible Hand idea. .
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 Britain's 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 Adleman's 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.
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Item type Current library Call number Status Date due Barcode Item holds
LIBRO-E NO PRÉSTAMO LIBRO-E NO PRÉSTAMO Madrid Digital Acceso Electrónico (UEM) Acceso electrónico eBook.25122628
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History of Adam Smith's Invisible Hand hypothesis -- circumstances of its origin and further development -- Importance of Invisible Hand phenomena for human social structures and markets - from interventionism to liberalism perspective -- Prominent scientific, macro-economy personalities and politicians as supporters and critics of the Invisible Hand idea. .

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 Britain's 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 Adleman's 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.

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