Adam Smith's Invisible Hand Theory Explained | Economics
6:46
YouTubeFederal Reserve Bank of St. Louis
Adam Smith's Invisible Hand Theory Explained | Economics
The 18th century political economist Adam Smith described self-interest and competition as the “invisible hand” that guides a market economy. This video explains these concepts and their importance to our understanding of the economic system. Check out additional resources to learn more: https://www.federalreserveeducation.org/teaching ...
38.3K viewsSep 24, 2024
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