Definitions for invisible hand
in·vis·i·ble hand

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1. invisible handnoun

   A metaphor for the principle that in a free market, an individual pursuing his own self-interest also tends to promote the good of his community as a whole.

2. Etymology: Coined by Adam Smith in The Wealth of Nations. Influenced by and echoing earlier use as "the hand of God". See Etymology citations

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1. Invisible hand

   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 phrase is used just three times in Smith's writings, but has come to capture his important claim that individuals' efforts to maximize their own gains in a free market benefits society, even if the ambitious have no benevolent intentions. Smith came up with the two meanings of the phrase from Richard Cantillon who developed both economic applications in his model of the isolated estate. He first introduced the concept in The Theory of Moral Sentiments, written in 1759. In this work, however, the idea of the market is not discussed, and the word "capitalism" is never used. By the time he wrote The Wealth of Nations in 1776, Smith had studied the economic models of the French Physiocrats for many years, and in this work the invisible hand is more directly linked to the concept of the market: specifically that it is competition between buyers and sellers that channels the profit motive of individuals on both sides of the transaction such that improved products are produced and at lower costs. This process whereby competition channels ambition toward socially desirable ends comes out most clearly in The Wealth of Nations, Book I, Chapter 7.

How to pronounce invisible hand?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say invisible hand in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of invisible hand in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of invisible hand in Pythagorean Numerology is: 2

Examples of invisible hand in a Sentence

1. Norbert Becker:

   I see an invisible hand which is interested in attacking Luxembourg and thereby weakening the president of the European Commission.

2. Joseph Stiglitz:

   The reason that the invisible hand often seems invisible is that it is often not there.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Invisible_Hand
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=invisible hand