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A metaphor used in 18th-century moral philosophy and economics.
Definition:
The idea that individuals pursuing their own interests can unintentionally benefit society through market mechanisms.
Example:
“The invisible hand guides commerce without command.”
Publication of The Wealth of Nations (1776)
The Book That Gave English the Language of Modern Economics
On this day — March 9, 1776 — The Wealth of Nations was published, one of the most influential works of economic writing in the English language. Adam Smith’s treatise laid the intellectual foundations for modern economic thought and helped shape how economic activity would be described and debated in English.
The book introduced and popularized key concepts such as the division of labor and the “invisible hand,” expressions that became central to economic vocabulary. Smith’s clear, systematic prose also helped establish a style of analytical argument that influenced later academic and policy writing.
Beyond economics itself, The Wealth of Nations expanded the lexicon of public discourse in English. Terms relating to markets, productivity, trade, and labor entered political debate, journalism, and scholarship, making Smith’s work a cornerstone in the development of modern economic language.
Your Language Learning Recap
Catch up on the last three monthly reviews, where English and Spanish learners alike can find everything they need to stay on track.
From grammar tips to captivating stories, vocabulary builders, and engaging readings, these wrap-ups have it all.
Plus, if you want to explore even more, you can click here to check out reviews from previous months!
