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The invisible hand is a metaphor inspired by the Scottish moral philosopher Adam Smith that describes the incentives which free markets sometimes create for self-interested people to act unintentionally in the public interest.
15 de mai. de 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...
- Christina Majaski
- 2 min
Learn how Adam Smith used the metaphor of the Invisible Hand to describe the self-regulating and cooperative nature of markets. Explore the evolution and controversies of this concept in economics and society.
16 de set. de 2022 · Learn what the invisible hand is, how it works, and why it matters for the economy. The invisible hand is a metaphor coined by Adam Smith to describe the self-interested forces that impact the free market.
12 de out. de 2022 · Eighteenth century economist Adam Smith developed the concept of the Invisible Hand, which became one of the cornerstone concepts of a free market economic system.
11 de mar. de 2019 · Adam Smith's invisible hand argument is one of the most well known in all of economics. What is the "invisible hand," and how does it work? Watch this video to find out. To learn more...
- 2 min
- 134,4K
- The Fraser Institute
The invisible hand is one of Smith's most well-known turns of phrase, yet he uses it but once in each book. So what does it mean, and why does this concept remain important today?
