this post was submitted on 10 May 2026
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[–] plyth@feddit.org 8 points 5 days ago

https://en.wikipedia.org/wiki/Invisible_hand

And they also don't read their scripture.

More famously, it is also used once in his Wealth of Nations, when arguing that governments do not normally need to force international traders to invest in their own home country.

So according to Smith the hand would maintain employment of the population, not drive down prices.

In both cases, Adam Smith speaks of an invisible hand, never of the invisible hand.