invisible hand

English - Turkish

Definition of invisible hand in English Turkish dictionary

(Sosyoloji, Toplumbilim) görünmez el (a. smith)

English - English

Definition of invisible hand in English English dictionary

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

In short, Smith understood that the invisible hand is often benign, but not always.

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

term used to express the belief that individuals seeking their economic self-interest benefit society more than they would if they tried to benefit society directly

Hyphenation

in·vis·i·ble Hand

Turkish pronunciation

învîzıbıl händ

Pronunciation

/ənˈvəzəbəl ˈhand/ /ɪnˈvɪzəbəl ˈhænd/

Etymology

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