Allegory and Political Economy: A Reply to Gavin Kennedy

Adam Smith Review, Vol. 8, Forthcoming

GMU Working Paper in Economics No. 13-27

5 Pages Posted: 27 Oct 2013

See all articles by Daniel B. Klein

Daniel B. Klein

George Mason University - Department of Economics; George Mason University - Mercatus Center

Date Written: October 25, 2013

Abstract

Gavin Kennedy has written a review of Daniel B. Klein, Knowledge and Coordination: A Liberal Interpretation (Oxford University Press, 2012; softback 2013), to appear in the Adam Smith Review (vol. 8). This is a reply that will be published alongside Kennedy’s review. In the book, Klein elaborates and affirms the allegorical nature of important tropes in political economy, including the price system as communication, cooperation throughout the economic system, market error and correction, and policy error and correction. Kennedy is unenthusiastic about elaborating and highlighting allegory. Here Klein asks whether Kennedy is really ready to reject allegory.

Keywords: Allegory, Adam Smith, communication, cooperation, error, correction

JEL Classification: A13, B4

Suggested Citation

Klein, Daniel B., Allegory and Political Economy: A Reply to Gavin Kennedy (October 25, 2013). Adam Smith Review, Vol. 8, Forthcoming, GMU Working Paper in Economics No. 13-27, Available at SSRN: https://ssrn.com/abstract=2345516

Daniel B. Klein (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://economics.gmu.edu/people/dklein

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

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