The invisible hand is a metaphor first used by Adam Smith in "The Theory of Moral Sentiments" in 1759 to describe how individual self-interest in free markets often leads to outcomes that benefit ...

These are the two most famous quotes from Smith's long book ... Who coined the term "invisible hand" and in what context? Adam Smith is generally considered to have coined the term invisible ...

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 ...