The invisible hand is a concept introduced by economist Adam Smith. It refers to the self-regulating nature of markets where individual actions, driven by personal interests, contribute to overall ...

Adam Smith wrote about free-market incentives nearly 250 years ago, describing them as the “invisible hand” of capitalism.

This year marks the 300th anniversary of Adam Smith, the iconic figure behind the theory of free markets, or of what we have since come to call “capitalism.” Born in June 1723, Smith went on to ...

(image of the two walls lining the highway exit ramp I witnessed two little kids climbing as they moved from parked car to the playground at the deck park yesterday.) I’ve been wanting to post this ...