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.

Adam Smith defined how we think about free markets. His guiding principle was, famously, the invisible hand – a mystical ...

Adam Smith. Father of capitalism. Coined "the invisible hand." Wrote the oft referred to but rarely read, "Wealth of Nations." He was also a deeply odd guy who mumbled to himself in public ...

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 ...