Adam Smith and His Invisible HandAdam Smith was a Scottish social philosopher and political economist. In 1776 Smith influencedthe Industrial Revolution with his book The Wealth Of Nations. He believed a nations wealthshould be judge by it's production and trade total also know as the gross domestic product(GDP). Smith argued that free market economies are the most beneficial and productive. Aneconomy based on individual self-interest guided by an invisible hand, Smith proposed wouldachieve the greatest good of all.The term invisible hand is used by Adam Smith to describe the u ...
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