The famous observation that households and firms interacting in markets act as if they are guided by an "invisible hand" that leads them to desirable market outcomes comes from whose 1776 book?
A)David Ricardo
B)Thorstein Veblen
C)John Maynard Keynes
D)Adam Smith

Question

Quizplus · Accepted Answer

The concept of the "invisible hand," which describes how individuals' pursuit of self-interest in free markets can lead to beneficial outcomes for society as a whole, originates from Adam Smith's 1776 book, "The Wealth of Nations."

The Famous Observation That Households and Firms Interacting in Markets