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.

Alan Greenspan may trace the idea that markets fix themselves back to Adam Smith, but what would Smith himself say? Return to the documentary, Capitalism for the look at the moral philosophy of the ...

This free-market force, which Adam Smith called the invisible hand, needed support to bring about its magic. In particular, the market that emerged from an increasing division of labor ...

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 ...

The concept of the invisible hand is one of the many contributions of the legendary Scottish philosopher and economist Adam Smith. In his book The Wealth of Nations, Smith wrote of a person who ...

Learn about our editorial policies Adam Smith was an 18th-century ... "The Theory of Moral Sentiments", Smith proposed the idea of an invisible hand—the tendency of free markets to regulate ...

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 ...