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.

The invisible hand is a metaphor for the unseen forces ... for the sometimes enormous costs of switching and the idea that people may engage in a business that they enjoy doing, or which has ...

My dear friend Frances Coppola and I were walking home last week and discussing empires – as girls do – when she reminded me ...

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 ...