The Moral Economy; What “The Invisible Hand” Left Behind
The Moral Economy; What “The Invisible Hand” Left Behind by Jeff Jacobsen Philadelphia 1777 was a hot spot for revolution. The colonials had banded together and started their historic effort to pry a new nation from the clutches of the British. But the banding together did not preclude a community from going after one of their own, even a known patriot. Thomas Boylston was such a neighbor on Britain's enemies list. But he also tried to take economic advantage of the war by withholding coffee and sugar from the local marketplace in order to create a higher price for his commodities. The community chose otherwise for him. Abigail Adams wrote that around 100 women confronted Boylston at his warehouse, took his keys after an argument, and left with their booty, as “a large concourse of men stood amazed silent spectators of the whole transaction.” [Nash, 2005, p. 232] If one was inclined to believe that this was a unique occurrence from those times, one wo...