invisible hand love

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. An economic principle, first postulated by Adam Smith, holding that the greatest benefit to a society is brought about by individuals acting freely in a competitive marketplace in the pursuit of their own self-interest.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. 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.

Etymologies

Coined by Adam Smith in The Wealth of Nations. Influenced by and echoing earlier use as "the hand of God". See Etymology citations (Wiktionary)

Examples

Sorry, no example sentences found.

Wordnik is becoming a not-for-profit! Read our announcement here.

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.