Dennis Rasmussen: The phrase the invisible hand has come to mean something different. He says it's become associated with positive cases of unintended consequences. But you can also look elsewhere in his work and find negative outcomes, he says. Rasmussen: Whether Smith was actually right in this regard or whether his reasoning holds up is a matter of debate.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode