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Invisible hand - Wikipedia
The invisible hand is a metaphor inspired by the Scottish economist and moral philosopher Adam Smith that describes the incentives which free markets sometimes create for self-interested people to act unintentionally in the public interest. Smith originally mentioned the term in two specific, but … 展开
The term "invisible hand" has classical roots, and it was relatively widely used in 18th-century English. Adam Smith's own usage of the term did not … 展开
In contrast to Smith's own usage, the "invisible hand" today is often seen as being specifically about the benefits of voluntary transactions in a free market, and is treated as a generalizable rule. Paul Samuelson's comments in his Economics textbook in 1948 made … 展开
Joseph E. Stiglitz
The Nobel Prize-winning economist Joseph E. Stiglitz, says: "the reason that the invisible hand often seems invisible is that it is often not there." … 展开• Basu, Kaushik (2010). Beyond the Invisible Hand: Groundwork for a New Economics. Princeton, NJ: Princeton University Press 展开
The Wealth of Nations
The invisible hand is explicitly mentioned only once in the Wealth of Nations, in a specialized chapter not about free trade but about capital investment, which discusses the concern that international merchants might choose … 展开Smith uses the metaphor in the context of an argument against protectionism and government regulation of markets, but it is based on very broad … 展开
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Adam Smith's Invisible Hand
网页2018年11月30日 · The Invisible Hand is perhaps the most important—and most controversial—metaphor in economics. For fans of markets, it is synonymous with free individuals having their commercial interactions …
Landscape with Invisible Hand - Wikipedia
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网页Invisible Hand. General Grievous commanded this powerful flagship when he raided Coruscant and kidnapped Supreme Chancellor Palpatine. As the battle intensified, Anakin Skywalker and Obi-Wan Kenobi rescued the …
What Is the Invisible Hand in Economics? - Investopedia
网页2024年5月15日 · The invisible hand is a metaphor for how, in a free market economy, self-interested individuals operate through a system of mutual interdependence. This interdependence motivates producers to...