The Invisible Hand
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A foundational theoretical framework in economics addressing The Invisible Hand at the macro level of analysis.
| Field | Economics |
|---|---|
| Level of analysis | Macro · Structures & Institutions |
| Paradigm | Rational Choice |
| Key figures | 👤 Adam Smith (애덤 스미스) |
| Year | 1776 |
Key Claims
The Invisible Hand provides a foundational analytical framework in economics, examining the dynamics of rational-choice at the macro level.
Further Reading
- Smith, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations. W. Strahan & T. Cadell.
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