Monday, 18 October 2021

What is Adam Smiths invisible hand

 Adam Smith didn't see the invisible hand but it was there alright and it has a name now. 

And it wasn't that invisible either.

It moved the world from medieval to modern and is still working away today. It's always been around from ancient times but it started to pick up momentum in its modern form around 1600. The English civil war gave it a boost. In fact, every war boosts the power of the invisible hand and it's even used to fight and win wars. By the 1950s it had become scientific by the 1990s it had become a social science and was taught in universities and has many sub specialisms.

It's the invisible hand that promoted fashion, pottery, tableware, furniture, home goods, theatre, arts, travel, good manners, politics and religion (and just about everything else we desire and buy).

It's stronger than ever today; Adam Smith's invisible hand is marketing.



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