Invisible Hand Theory in Economics | Definition & Examples
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Invisible Hand Theory in Economics | Definition & Examples
Learn about the invisible hand theory in economics. Explore how Adam Smith came up with the concept of the invisible hand theory and see an invisible hand example.
7.4K viewsOct 7, 2015
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"Adam Smith is often cited for one of his insights called The Invisible Hand, which says that the pursuit of self-interest leads as if by an invisible hand to the well-being of everybody in society. "The interesting thing is Adam Smith didn't believe it." - Joseph E. Stiglitz Watch the full webinar with Joseph E. Stiglitz and Richard Denniss, 'The Role of Government in the Modern Economy' here 👇 https://youtu.be/buUp50yRWxU | The Australia Institute
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"Adam Smith is often cited for one of his insights called The Invisible Hand, which says that the pursuit of self-interest leads as if by an invisible hand to the well-being of everybody in society. "The interesting thing is Adam Smith didn't believe it." - Joseph E. Stiglitz Watch the full webinar with Joseph E. Stiglitz and Richard Denniss, 'The Role of Government in the Modern Economy' here 👇 https://youtu.be/buUp50yRWxU | The Australia Institute
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