The Ethereal Guidance of Adam Smith’s Invisible Hand
Words: 594 1202Adam Smith, often heralded as the father of modern economics, introduced a concept in the 18th century that remains integral to economic discussions today. This concept, termed the "invisible hand," presents a compelling argument for the self-regulating nature of a market economy. Though it appears just a few times in his seminal work, "The Wealth of Nations," its implications are profound, shaping economic theories and policies for centuries. Imagine a bustling market scene: traders hawking their wares, buyers haggling over […]