Invisible hand - Wikipedia
The invisible hand is a metaphor inspired by the Scottish economist and moral philosopher Adam Smith that describes the incentives which free markets sometimes create for self-interested people to accidentally act in the public interest, even when this is not something they intended.
Invisible hand | Definition, Economics, Example, & Facts
invisible hand, metaphor, introduced by the 18th-century Scottish philosopher and economist Adam Smith, that characterizes the mechanisms through which beneficial social and economic outcomes may arise from the accumulated self-interested actions of individuals, none of whom intends to bring about such outcomes.
What Is the Invisible Hand in Economics? - Investopedia
May 15, 2024 · 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...
Adam Smith's Invisible Hand
Nov 30, 2018 · As commercial society—and its sometimes problematic partner, democracy—expanded over the two centuries following Smith’s death, the Invisible Hand was increasingly seen as the central insight of the Smithian system.
Invisible Hand | Definition & Example - InvestingAnswers
Jan 9, 2021 · What is the invisible hand? This expert article provides the best definition, real-world examples, and history of Adam Smith's invisible hand theory.
What Is the Invisible Hand? Understanding Adam Smith's Concept
Oct 30, 2024 · 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.
What is “the Invisible Hand”? - Fact / Myth
May 12, 2016 · "The invisible hand" is a term used by Adam Smith to describe the theory that self-interest leads to social and economic benefits in a free-market.
What Is the "Invisible Hand" in Economics? - ThoughtCo
Feb 28, 2018 · The "invisible hand" of the market, a phrase invented by Adam Smith, is a common argument against government regulation. But does it work?
Adam Smith’s Invisible Hand | St. Louis Fed
The 18th century political economist Adam Smith described self-interest and competition as the “invisible hand” that guides a market economy. This video explains these concepts and their importance to our understanding of the economic system.
Smith used the words "invisible hand" on three dissimilar occasions. The first use, in. argues strongly against restrictions on im- ports, and against the merchants who sup- port them, forming "an overgrown standing army" who "upon many occasions intimi- date the legislature."