I've heard about this concept called the invisible theory, but I'm not quite sure what it means. Could someone explain to me what the invisible theory is all about?
7 answers
Sun Jan 12 2025
It serves as a tool to explain the hidden dynamics within the economy.
Sun Jan 12 2025
Smith used the invisible hand as a metaphor.
Sun Jan 12 2025
This metaphor represents the unobservable forces driven by self-interest.
Sun Jan 12 2025
The invisible hand is a notion introduced by economist Adam Smith.
Sun Jan 12 2025
These forces operate within the framework of a free market.