Adam Smith's* Invisible Hand Explained in One Minute: Definition, Theory & Controversies
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Adam Smith's* Invisible Hand Explained in One Minute: Definition, Theory & Controversies
Adam Smith's* Invisible Hand Explained in One Minute: Definition, Theory & Controversies
131 viewsJul 23, 2022
Invisible hand Economic Theory
You woke up inside a machine—and a 250-year-old ghost built it. Adam Smith discovered the economic "glitch" that creates infinite wealth: the Division of Labor and the Invisible Hand. This one concept explains why you have a job, why your phone exists, and why some countries thrive while others fail. 🔍 IN THIS VIDEO: 00:00 - You Live Inside a Machine 01:15 - Adam Smith's Pin Factory Revolution You woke up inside a machine—and a 250-year-old ghost built it. Adam Smith discovered the economic "gl
3:18
You woke up inside a machine—and a 250-year-old ghost built it. Adam Smith discovered the economic "glitch" that creates infinite wealth: the Division of Labor and the Invisible Hand. This one concept explains why you have a job, why your phone exists, and why some countries thrive while others fail. 🔍 IN THIS VIDEO: 00:00 - You Live Inside a Machine 01:15 - Adam Smith's Pin Factory Revolution You woke up inside a machine—and a 250-year-old ghost built it. Adam Smith discovered the economic "gl
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