Question on Adam Smith and Capitalism

timer Asked: Mar 7th, 2019
account_balance_wallet $5

Question Description

Discuss Adam Smith and His Invisible Hand of Capitalism. Discuss the merits of this theory. Please cite examples or situations whenever possible. Cite references.

Tutor Answer

School: New York University


Invisible hand of capitalism



Invisible hand of capitalism


Invisible hand is a phrase that was introduced by Adam Smith one of the world’s famous
economist in his book ‘The Wealth of Nations’. It assumed that an economy will work better if
people will work based on their own interest preferably a free market situation. (Hunt, 2017) He
argued on the fact that an economy will work well when people have the freedom to freely
exchange commodities among themselves whereby it will bring about competition as the traders
available in the market will be in...

flag Report DMCA

Goes above and beyond expectations !

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors