The In-House Ethicist: How much did Adam Smith care about the Invisible Hand?

Feb 27, 2018

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‘The Invisible Hand’ is one of economics' most well-known phrases. But what did Adam Smith, the person credited with applying that phrase to economics, really mean when he used it? And how important was it to Smith's economic philosophy? Chicago Booth ethics professor John Paul Rollert digs into Smith's use of the phrase and examines it in the context of Smith's body of writing.