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invisible hand
This term is a specialized economic metaphor originating from Adam Smith's writings. It describes the paradoxical phenomenon where individuals pursuing their own profit inadvertently contribute to the economic well-being of society. It is primarily used in academic, political, and financial discussions regarding laissez-faire capitalism and free-market theory.
Because it is a conceptual metaphor rather than a physical object, it is treated as an uncountable noun in most theoretical contexts. It is rarely pluralized unless referring to multiple distinct versions of the theory across different economic schools of thought.
Meanings
The metaphorical force in a free market economy where individual self-interest unintentionally leads to the most efficient allocation of resources and benefits society as a whole.
The theory of the invisible hand suggests that markets can self-regulate without government intervention.