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Adam Smith and the Invisible Hand of the Market Mechanism

In: History of Economic Ideas in 20 Talks

Author

Listed:
  • Cheng-chung Lai
  • Tai-kuang Ho

    (National Taiwan University)

Abstract

… 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.

Suggested Citation

  • Cheng-chung Lai & Tai-kuang Ho, 2022. "Adam Smith and the Invisible Hand of the Market Mechanism," Springer Books, in: History of Economic Ideas in 20 Talks, chapter 0, pages 37-43, Springer.
  • Handle: RePEc:spr:sprchp:978-981-19-4506-9_5
    DOI: 10.1007/978-981-19-4506-9_5
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