The idea that an "invisible hand" will guarantee the overall good of society through the workings of a free and competitive market is the invention of
A)Adam Smith.
B)David Hume.
C)Jean-Jacques Rousseau.
D)John Locke.

Question

Quizplus · Accepted Answer

The idea of the "invisible hand" was introduced by Adam Smith in his book "The Wealth of Nations." It refers to the concept that individuals, by seeking their own self-interest in a free market, will unintentionally promote the well-being of society as a whole.

The Idea That an "Invisible Hand" Will Guarantee the Overall