Examlex
Many of the jobs that have existed for hundreds of years are no longer needed due to
Invisible Hand
A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to the benefit of society at large.
Adam Smith
An 18th-century Scottish economist known as the father of modern economics, best remembered for his theory of the invisible hand.
Wealth Of Nations
A seminal book by Adam Smith, published in 1776, that discusses what builds nations’ wealth, emphasizing the importance of a free market economy.
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