Exchange Currency

invisible hand

Term used by Adam Smith to describe the natural force that guides free market capitalism through competition for scarce resources. According to Adam Smith, in a free market each participant will try to maximize self-interest, and the interaction of market participants, leading to exchange of goods and services, enables each participant to be better of than when simply producing for himself/herself. He further said that in a free market, no regulation of any type would be needed to ensure that the mutually beneficial exchange of goods and services took place, since this "invisible hand" would guide market participants to trade in the most mutually beneficial manner.

Related information about invisible hand:
  1. Invisible hand - Wikipedia, the free encyclopedia
    In economics, the invisible hand of the market is a metaphor conceived by Adam Smith to describe the self-regulating behavior of the marketplace. The exact ...
     
  2. InvisibleHand: Home
    InvisibleHand gets you the lowest price on shopping and flights. Automatically. InvisibleHand shows a discreet notification when there are lower prices available ...
     
  3. Invisible Hand Definition | Investopedia
    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: "Every ...
     
  4. Adam Smith and the invisible hand | plus.maths.org
    Mar 1, 2001 ... Nowadays, "invisible hand" explanations are invoked to explain all sorts of phenomena, from scientific progress to environmental degradation.
     
  5. Invisible Hand - Wookieepedia, the Star Wars Wiki
    Invisible Handleft This article is about General Grievous's flagship. For more uses of Hand, see...
     
  6. Chrome Web Store - InvisibleHand
    Automatically get the lowest price on whatever you're buying.
     
  7. What is invisible hand? definition and meaning
    Definition of invisible hand: Term used by Adam Smith to describe the natural force that guides free market capitalism through competition for scarce resources.
     
  8. InvisibleHand :: Add-ons for Firefox
    NEW feature: InvisibleHand automatically finds the lowest price on hotels, regardless of which travel site you use. It also provides one-click access to verified ...