Saturday, October 4, 2014

Shakespeare’s Role in Invisible Hand Economics

Jag Bahalla writes:
Adam Smith popularized the “invisible hand” idea. He lectured on Shakespearean imagery and would have known of the line “And with thy bloody and invisible hand” in Macbeth. Smith  first used the phrase in his History of Astronomy: “nor was the invisible hand of Jupiter ever apprehended to be employed," meaning no hand-of-god was needed to explain astronomy.

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