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Write a paper on the invisible hand according to Adam Smith
Invisible Hand According To Adam Smith
Length: 1 pages (275 Words)
“Invisible Hand” is an idea that was introduced by Adam Smith in his landmark book, Wealth of Nation, published in 1776. Smith uses this concept to explore a paradox of perfect completion or laizzes-faire capitalism, in which every person in an economy is seen to works towards meeting his or her own selfish goals. The person in question neither anticipates to support the public nor does he know how much value he is adding to it. Smith compares this process to an invisible benevolent directing the entire process for the benefit of all.