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Essay adam smith invisible hand

Essay adam smith invisible hand

The Essential Adam Smith: The Invisible Hand

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The invisible hand describes the unintended social benefits of an individual's self-interested actions, a concept that was first introduced by Adam Smith in The Theory of Moral Sentiments, written in, invoking it in reference to income distribution. In this work, however, the idea of the market is not discussed, and the word "capitalism" is never used.

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