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  • Video
  • 5 mins
  • Level 1: Introductory

Does an invisible hand guide the economy?

Updated Thursday 16th July 2015

This short animation, narrated by Aidan Turner, looks at the metaphor of the 'invisible hand' engineers the economy. 

Adam Smith used the metaphor of an ‘invisible hand’ to describe how individuals making self-interested decisions can collectively and unwittingly engineer an effective economic system that is in the public interest.

 

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