BEGINNER

The Invisible Hand

MARCH 07, 2013

A term coined  by Adam Smith that refers to the self-ordering process of the free market. As individuals work to fulfill their own goals, there appears order out of the multitude of individual plans. This is possible because, where property rights are secure and the rule of law prevails, individuals have incentive to trade and cooperate in a manner which benefits all parties involved.

Lawrence Reed - Adam Smith and the Birth of Economics

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Why Is the "Invisible Hand" in the Middle of Smith’s Works?

Coincidence or subtle statement?

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To think that Adam Smith, the renowned absent-minded professor, hid a little "invisible" secret in his tomes is indeed the ultimate irony.

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Peaceful actions will lead to desirable ends, violent actions to chaos and disorder.

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A timely reminder of the dangers we face if we allow controls to close the market.

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The Invisible Hand

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A part-time job in college affords a clear example of the compatibility between self-interest and service to others.

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CURRENT ISSUE

April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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