_________ claimed that the unseen hand of the marketplace would produce the best economic and social outcomes.
A)David Ricardo
B)Adam Smith
C)Thomas Malthus
D)Karl Marx

Question

Quizplus · Accepted Answer

Adam Smith, in his book "The Wealth of Nations" (1776), popularized the idea of the invisible hand of the market. He argued that individuals pursuing their self-interest in a free market economy would inadvertently promote the interests of society as a whole through competition and the pursuit of profit. The invisible hand, according to Smith, would ensure the efficient allocation of resources and the production of goods and services that would satisfy society's needs and wants.

_________ Claimed That the Unseen Hand of the Marketplace Would