Invisible Hand Research Paper

The Invisible Hand can be used to describe benefits that were not intended, because of their actions. It basically means that, what you do pursuing your interest can benefit others more than what you meant it to. Invisible Hand can also be described as self-regulation on the market, so people can profit without anybody interfering. It is most often used to work on the free market, consumers going for lower prices and entrepreneurs going for the highest profit. I do agree with this, because even if it is not your primary concern to help your community, some good comes out of what you do. Adam said that government should not get in your way with the functioning of economy, that we should have a free market. He talks about this in one of his books, …show more content…
There are many real life examples of this, including products like the iPod or Galaxy cellular devices; they are around because consumers want the product. A lot of products come and go because demand for them is so low; they cannot support the creation of them. Some actual examples from my personal life, stopping at stop signs, red lights, stopping behind cars, and everything that you do that helps society and you can be considered …show more content…
On the other side of things, it is possible to say it could be disagreed with for the simply different reasons. A lot of people argue that the government should have control over what people can buy or sell and how much profit they can make on anything to keep their people safe and secure. Moreover, there are also people who say that people only wish to intervene to profit themselves and to keep a hold over everyone. A lot of people today justify chasing profits by referring to Smith’s Invisible Hand