Adam Smith and the Invisible Hand: From Metaphor to Myth

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Gavin Kennedy;
  • Journal: Econ Journal Watch,volume 6,issue 2 May,pages239-263
  • Subject: Adam Smith,invisible hand,metaphor
    • jel: jel:A13 | jel:B0 | jel:B1

Adam Smith and the ‘invisible hand’ are nearly synonymous in modern economic thinking. Adam Smith is strongly associated with the invisible hand, understood as a general rule that people in realising their self-interests unintentionally benefit the public good. The ... View more
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