:::::::I have a concept of what Smith meant by the Invisible Hand metaphor from studying macro and micro economics in business school, plus some graduate work a few years back. While it's too abstract to be practical (like studying physics without worrying about friction), it explains the motivations for individuals to be successful for their own sake, without concern for others. However, the success that comes from that self interest will in turn create an optimal economic ecosystem as all of these competing self-interests reach a balance. | :::::::I have a concept of what Smith meant by the Invisible Hand metaphor from studying macro and micro economics in business school, plus some graduate work a few years back. While it's too abstract to be practical (like studying physics without worrying about friction), it explains the motivations for individuals to be successful for their own sake, without concern for others. However, the success that comes from that self interest will in turn create an optimal economic ecosystem as all of these competing self-interests reach a balance. |