In economics, the invisible hand of the market is a metaphor conceived by Adam Smith to describe the self-regulating behavior of the marketplace. Individuals can make profit, and maximize it without the need for government intervention. The concept of the 'invisible hand' captures Smith's important claim that individuals' efforts to maximize their own gains in a free market may benefit society, even if the ambitious have no benevolent intentions. The time has long since passed for our lords … [Read more...] about Friday Rant – Racism to Ageism

