What is the 'invisible hand'?
This question is regarding Adam Smith's Wealth of Nations (1776), where he describes the idea of the 'invisible hand' governing all selfish business resource decisions, to where they (generally) benefit society without any intention to do so. In my worldview, this 'force' is very real, and goes beyond business and pertains to any selfish decision within the social realm.
But what is it?
I believe it could be one of 4 things or a combination of them:
- A evolutionary survival trait, where a selfish decision is only subconsciously considered if it improves the lives of their loved ones, tribe, etc as well. Like "what's good for the goose is good for the gander". I could dump toxic waste in the river but how does that help my daughter, etc?,
- A businessman unconsciously makes a selfish decision only if society benefits from that decision since it could mean increased sales/reputation/etc... so the human side isn't even thought of,
- People are worried about shame/ridicule of their seemingly selfish decisions,
- People are intrinsically good.
Or is it even a 'thing'?