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invisible hand (Q376644)

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economic concept popularized by Adam Smith
  • an invisible hand
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    English
    invisible hand
    economic concept popularized by Adam Smith
    • an invisible hand

    Statements

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    1 reference
    Smith invokes ... / In Part IV, chapter 1, of The Theory of Moral Sentiments (1759), ... they “are led by an invisible hand” ... / In Book IV, chapter 2, of An Inquiry into the Nature and Causes of the Wealth of Nations (1776), ... Smith uses the phrase to summarize how self-interested actions are so coordinated that they advance the public interest. (English)
    1 reference
    Smith invokes ... / In Part IV, chapter 1, of The Theory of Moral Sentiments (1759), ... they “are led by an invisible hand” ... / In Book IV, chapter 2, of An Inquiry into the Nature and Causes of the Wealth of Nations (1776), ... Smith uses the phrase to summarize how self-interested actions are so coordinated that they advance the public interest. (English)

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