invisible hand

invisible hand
noun Date: 1776 a hypothetical economic force that in a freely competitive market works for the benefit of all

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Invisible hand — The invisible hand is a metaphor coined by the economist Adam Smith. Once in The Wealth of Nations and other writings, Smith demonstrated that, in a free market, an individual pursuing his own self interest tends to also promote the good of his… …   Wikipedia

  • Invisible Hand — A term coined by economist Adam Smith in his 1776 book An Inquiry into the Nature and Causes of the Wealth of Nations . In his book he states: Every individual necessarily labours to render the annual revenue of the society as great as he can. He …   Investment dictionary

  • invisible hand — noun A metaphor for the principle that in a free market, an individual pursuing his own self interest also tends to promote the good of his community as a whole. In short, Smith understood that the invisible hand is often benign, but not always …   Wiktionary

  • invisible hand — An expression deriving from Adam Smith s economic treatise onThe Wealth of Nations (1776). It refers to the idea that when individuals pursue their own self interest for gain in business their actions are led by an unseen force (‘invisible hand’) …   Dictionary of sociology

  • invisible hand —  Power of the marketplace.  ► “Every individual endeavors to employ his capital so that its produce may be of greatest value. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his… …   American business jargon

  • invisible hand — See Smith, Adam …   Philosophy dictionary

  • Invisible Hand — ⇡ klassische Lehre, ⇡ Tâtonnement …   Lexikon der Economics

  • invisible hand — term used to express the belief that individuals seeking their economic self interest benefit society more than they would if they tried to benefit society directly …   English contemporary dictionary

  • Invisible hand (disambiguation) — Invisible hand may refer to:* Invisible hand, an economic metaphor coined by Adam Smith * In the fictional Star Wars universe, the Invisible Hand is the name of the flagship of the capitalist Confederacy of Independent Systems * The Invisible… …   Wikipedia

  • The Invisible Hand of Fate — Infobox Television episode Title=The Invisible Hand of Fate Series=The Venture Bros. Season=3 Episode=29 Airdate=15 June 2008 Writer=Jackson Publick Director=Jackson Publick Caption = There are no free hands in this business, son. Production = 3… …   Wikipedia

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