What is the “Invisible Hand”?

By |2017-01-12T20:50:03-05:00January 12th, 2017|Categories: Adam Smith, Capitalism, Economics|

Observers who disapprove of others’ exchanges too often want to substitute the visible fist of the state for the invisible hand of the market… “As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce [...]