A pure market economy characterized by the invisible hand of market forces is noted by:

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Adam Smith is known for his advocacy of a pure market economy in his book "The Wealth of Nations." He introduced the concept of the invisible hand of market forces, which suggests that individuals pursuing their self-interest in a competitive market would ultimately result in the greater good for society as a whole. Adam Smith is recognized as the father of modern economics and the proponent of the free-market economy. He argued that the invisible hand of market forces, such as supply and demand, self-interest, and competition, would regulate the economy's production and distribution of goods and services efficiently. His book, "The Wealth of Nations," published in 1776, remains a seminal work in economics.

A Pure Market Economy Characterized by the Invisible Hand of Market