And perhaps more to the point Adam Smith's invisible hand really isn't what critics of free market economics seem to think it is either. So, just for the record, here is what it actually is.

One framework for understanding markets is the invisible hand theory, an idea proposed by economist Adam Smith that illustrates ... because economic theories also point out the 'irrational ...

A reprise of capitalism's intellectual foundations would seem to be in order, including Adam Smith's notion of a guiding "invisible hand," which Alan Greenspan, chairman of the U.S. central bank ...

Learn about our editorial policies Adam Smith ... easy as possible. Smith's most prominent ideas—the "invisible hand" and division of labor—are now foundational economic theories.

So how did Adam Smith become such a popular icon in the first place? And why did the “invisible hand” become such a powerful political catchphrase? In a recent article published in Modern ...

Lander, Eric S. "Invisible Hand: Readings from Adam Smith and Alexis de Tocqueville." Harvard Business School Case 184-107, January 1984.