![]() Throughout these 6 chapters, Smith discusses the nature of commercial and financial exchanges, suggesting guidelines in the liberalism vision which, according to him, are beneficial to the development of state and society.īesides that, the author explains the free market behavior and introduces the term "the invisible hand", which is the book's name. ![]() The book "The Invisible Hand", by the economist Adam Smith, was published in 2013, it consists of 6 chapters that have been extracted from the famous author's book: "The Wealth Of Nations" (1776). Got interested in this work from one of the most renowned philosopher and economist in the world? So continue reading and appreciate the liberalism proposed by Adam Smith! About the book "The Invisible Hand" In this summary we will explain each of the six chapters that compose the book, including the guidelines of a liberalism model, an economic theory, which the author judge as a benefit to the state and society. ![]() In the book, the idea of division of labor is connected to self-interest of individuals, explaining the concepts of mercantilism with the arrival of the Industrial Revolution. To bring all those concepts together, the author Adam Smith uses "the invisible hand" metaphor. Have you ever imagined how the division of labor emerged in the industrial system? Something that today we commonly see in small and big companies, is based on a lot of philosophy and economy.
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