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The Invisible Hand: Revisiting a Misunderstood Metaphor
Adam Smith, hailed as the father of modern economics, is often inseparable from the idea of the “invisible hand”. The invisible hand is widely understood as a metaphor illustrating how individual actions may unintentionally benefit society as a whole. However, to fully grasp this concept, we must take a step back from modern interpretations and revisit the contexts in which Adam Smith used the term.

Lorjen Doehler
17. Jan. 20256 Min. Lesezeit
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