Adam Smith favored "laissez-faire" policies, where individuals, guided by the "invisible hand," would produce social benefits. The invisible hand stands for

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The invisible hand refers to the idea that individuals acting in their own self-interests and making choices based on market conditions will collectively produce outcomes that benefit society as a whole. This is a central concept in Adam Smith's economic philosophy and supports laissez-faire policies where government intervention is limited.

Adam Smith Favored "Laissez-Faire" Policies, Where Individuals, Guided by the "Invisible