The famous concept of an invisible hand was introduced by
A) Smith and Marshall.
B) Smith and Wesson.
C) Adam Smith.
D) Adam West.
E) Alfred Pennyworth.

Question

Quizplus · Accepted Answer

The concept of an invisible hand was introduced by the famous economist Adam Smith in his book "The Wealth of Nations". Smith argued that individuals in a free market economy, motivated by self-interest, would operate in a way that would benefit society as a whole, even though they were not consciously intending to do so. This idea became known as the "invisible hand" of the market.

The Famous Concept of an Invisible Hand Was Introduced by