The Invisible Hand
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Adam Smith’s landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an ‘invisible hand’.
Throughout history, some books have changed the world. They have transformed the way we see ourselves – and each other. They have inspired debate, dissent, war and revolution. They have enlightened, outraged, provoked and comforted. They have enriched lives – and destroyed them. Now Penguin brings you the works of the great thinkers, pioneers, radicals and visionaries whose ideas shook civilization and helped make us who we are.
Adam Smith (1723 - 1790) was born in Glasgow and after being educated in Glasgow and Oxford, he held a number of academic posts before becoming tutor to the young Duke of Buccleuch. This post took him to France where he began writing his political treatise, The Wealth of Nations.