4 ms·
fun fact: The expression "invisible hand" does not appear in The Wealth of Nations, but in Smith's previous work the Theory of Moral Sentiments.
by hyperpallium 9y ago
fun fact: The expression "invisible hand" does not appear in The Wealth of Nations, but in Smith's previous work the Theory of Moral Sentiments.
- elcapitan 9y agoThat is not correct - it appears once in both. Part IV, Chapter 2 in "The Wealth of Nations" ("and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention").