hidden hand of economics

Terms from Human Computer Interaction the Basics

The glossary is in progress.

The hidden or invisible hand of economics refers to the way individual choices in free markets collectively provide the goods and services that people want without a single point of control. The phrase was coined by Adam Smith (1723–1790), notably in his book The Wealth of Nations.

Used in Chap. 6: page 94

Frontispiece of The Wealth of Nations from Internet Archive