![]() ![]() ![]() The invisible hand itself was originally coined by Adam Smith in his book ‘The Wealth of Nations’, published in 1776. In turn, society benefits as those goods might not otherwise have been produced. In other words, by pursuing the profit motive, people must provide goods that others want, at a price they are willing to pay. The invisible hand is a term that explains how the self-interst of the individual benefits the rest of society. WRITTEN BY PAUL BOYCE | Updated What is the Invisible Hand ![]()
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