The Gray Area with Sean Illing cover image

Revisiting the "father of capitalism"

The Gray Area with Sean Illing

00:00

Understanding the Invisible Hand

This chapter examines the 'invisible hand' concept introduced by Adam Smith, discussing its historical significance and the ongoing debate around its interpretation in modern economics. It highlights the duality of individual actions leading to social benefits while also considering the potential negative outcomes, alongside a critique of selective interpretations of complex theories.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app