Invisible Hand
Adam Smith coined the phrase invisible hand in his 1776 magnum opus, The Wealth of Nations. Usually stated more fully as the invisible hand of self-interest, the phrase was a way to describe an important idea.
Invisible Hand
A term coined by economist Adam Smith in his 1776 book "An Inquiry into the Nature and Causes of the Wealth of Nations". In his book he states: ...
Invisible hand
Definition: A term coined by Adam Smith who believed that although individuals followed their own interest the greatest benefit to society as a whole is achieved by their being free to do so.
Invisible hand
Adam SMITH's shorthand for the ability of the free market to allocate FACTORS OF PRODUCTION, goods and SERVICES to their most valuable use.
invisible hand the idea that the free interaction of people in a market economy leads to a desirable social outcome; the term was coined by Adam Smith. (7) ...
INVISIBLE HAND: The notion that buyers and sellers, consumers and producers, households and businesses, pursuing their own self-interests, do what's best for the economy--automatically, without any government intervention, ...
Classical economists, who included Adam Smith, David Ricardo and John Stuart Mill, believed that the pursuit of individual self-interest produced the greatest possible economic benefits for society as a whole through the power of the "Invisible hand".
On a superficial level the prisoners' dilemma appears to run counter to Adam Smith's idea of the invisible hand. When each person in the game pursues his private interest, he does not promote the collective interest of the group.
Adam Smith's The Wealth of Nations (1776) described laissez-faire economics in terms of an "invisible hand" that would provide for the maximum good for all, if businessmen were free to pursue profitable opportunities as they saw them.
Pure free-marketeers believe that the “invisible hand' can correct all market failures.
When individuals were free to pursue self-interest, the "invisible hand" of rivalry or competition would become more effective than the state as a regulator of economic life.
Visible Hand The phrase comes from Adam Smith's "Invisible Hand," whereby markets alone do the job of resource allocation.
those who argue that corporations only have a responsibility to make profits for their shareholders, and wider social issues should be the concern of other organisations, such as governments. This view is often rooted in faith in the "invisible hand" ...
is almost impossible to do so if you just think within the real estate paradigm, but it becomes much easier and clearer if you move your thinking above the real estate paradigm and into the finance paradigm. After all, finance is the invisible hand ...
The philosophy of business asks questions like what the social role of business should be, if indeed it should have one at all, questions of individualism vs. collectivism, freewill, enlightened self interest, "invisible hand theories", ...
Bruna Ingrao and Giorgio Israel, The Invisible Hand - Economic Equilibrium in the History of Science, The MIT Press (Cambridge, MA, 1990).
invisible hand A term used by Adam Smith to refer to the natural force that guides free market... invisible venture capital Any form of venture capital from angel investors.
 See also: Smith, Intervention, Equilibrium, Keynesian, Saving
  
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