Adam Smith’s invisible hand: why his ideas are still influential today

The Scottish thinker – considered by many to be ‘the father of capitalism’ – published his magnum opus, ‘The Wealth of Nations,’ 250 years ago. In it, he coined the metaphor of the invisible hand, which refers not to a magical order, but to a market with an institutional framework that fosters growth. His ideas decisively influenced liberal thought, especially due to his belief in individual liberty and his wariness of state intervention

By Carlos Rodríguez Braun