Smith then used the metaphor of ‘the invisible hand’ in his 1759 book “The Theory of Moral Sentiments.” The metaphor was first used in an uneconomical context in Smith’s essay on astronomy, where thunder and lightning were attributed to ‘the invisible hand’ of Jupiter. The phrase itself might have come from Richard Cantillon, another economist who used economic theories and models for application into his entrepreneurship. The Invisible HandĪdam Smith used the metaphor of the invisible hand in three different contexts. ![]() The metaphor of the invisible hand has been frequently misunderstood by various entities who have blamed Smith for perpetuating greed and individualism, but the economist meant that “individuals try to maximize their own good, and by doing so through trade and entrepreneurship, society as a whole is better off” (Brewer 521).
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