Adam Smith's invisible hand as self-control mechanism of social structures : theory and applications / Tadeusz Szuba.

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, explain...

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Bibliographic Details
Main Author: Szuba, Tadeusz M. (Author)
Format: eBook
Language:English
Published: Cham : Springer, [2022]
Series:Lecture notes in networks and systems ; v. 477.
Subjects:
Online Access:Click for online access

MARC

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245 1 0 |a Adam Smith's invisible hand as self-control mechanism of social structures :  |b theory and applications /  |c Tadeusz Szuba. 
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264 4 |c ©2022 
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490 1 |a Lecture notes in networks and systems ;  |v volume 477 
504 |a Includes bibliographical references and index. 
520 |a 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. 
588 0 |a Online resource; title from PDF title page (SpringerLink, viewed November 17, 2022). 
505 0 |a 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 
505 8 |a 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 
505 8 |a 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 
505 8 |a 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 
505 8 |a 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 
650 0 |a Social control. 
650 0 |a Free enterprise. 
650 0 |a Equilibrium (Economics) 
650 0 |a Computational intelligence. 
650 7 |a Computational intelligence  |2 fast 
650 7 |a Equilibrium (Economics)  |2 fast 
650 7 |a Free enterprise  |2 fast 
650 7 |a Social control  |2 fast 
655 0 |a Electronic books. 
776 0 8 |i Print version:  |z 3031062558  |z 9783031062551  |w (OCoLC)1311358698 
830 0 |a Lecture notes in networks and systems ;  |v v. 477. 
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