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The invisible hand is a concept that was coined by economist Adam Smith to illustrate hidden economic forces. The invisible hand is a metaphor that describes the unseen forces of self-interest ...
Our President is biting Adam Smith’s Invisible Hand—hard. Adam Smith of course doesn’t care; he died in 1790. Our President’s interference with free markets and international trade, otherwise guided ...
Adam Smith published his ... These questions lead Smith to a formulation of the laws of the market. What he sought was "the invisible hand," as he called it, whereby "the private interests and ...
As to the administration of justice, Smith says that the duty of the government is to protect “as far as possible, every member of the society from the injustice or oppression of every other member of ...
One framework for understanding markets is the invisible hand theory, an idea proposed by economist Adam Smith that illustrates the hidden, self-interested forces behind people's economic choices.