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.

The term "invisible hand" first appeared in Adam Smith's famous work "The Wealth of Nations" to describe how free markets can motivate individuals, acting in their own self-interest, to produce ...

How far back can one trace the origin of an idea? Economist Adam Smith’s “invisible hand” may have hidden roots that stretch back to the days of nomadic hunting and gathering. Readers of ...

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 ...

This year marks the 300th anniversary of Adam Smith ... Born in June 1723, Smith went on to explain how the “invisible hand” of the market worked as people exercised their choices between ...

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 ...

Admirers of Adam Smith may ... They recruited Smith, in other words, to make the case against central planning and high taxation. His metaphor of an invisible hand, in their view—the self ...