Dedicated to the works and world of Adam Smith.
The concept—properly understood—is central to Smith’s insights, although he uses the phrase only once in The Theory of Moral Sentiments and once in An Inquiry into the Nature and Causes of the Wealth of Nations. Read on at AdamSmithWorks: https://t.co/kYiXDjKGV5 #InvisibleHand
Québécois Econ prof @MasonEconomics. LSE-trained TTU-proud, GMU-blood. I study #econhist, pol.econ & the measurement of living standards. Book harvester
Pass it along -- “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” ― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations https://t.co/ZOt6ECBhvh
Author, Money for Nothing, and much else. Professing science writing at MIT. Servant to Tikka & Champ. @tomlevenson@mastodon.online & @tomlevenson.bsky.social
2/ Answer: Adam Smith, “An Inquiry into the Nature and Causes of the Wealth of Nations” (1876) Via FTFNYT