The invisible hand is the natural tendency of individuals that seek their own self-interest to further society as a whole through competition in the marketplace.
The "invisible hand of the market" is attributed to Scottish economist Adam Smith in The Wealth of Nations. Although it's often used to describe free market capitalism and associated with modern corporations as well as individuals, when Smith coined the term he was referring to individuals' dealings with one another.
Related Fool Articles
Related Community Blogs
Recent Mentions on Fool.com
- How the FCC Could Make or Cost You Millions
- For Google Inc., A Secret Weapon Hiding In Plain Sight
- Google Inc. Will Control Your Thermostat -- And That's a Good Thing
- The ?Fantastic Four? Reboot Could Kill the Comic-Book Movie Craze
- Today's Wearables are an Overhyped Fad, but Wait a Few Years
- Twitter Roundup: Joseph Stiglitz is Right About Inequality