4. Adam Smith
Adam Smith’s concept of the ‘invisible hand’ is often cited to defend laissez-faire capitalism. However, Smith’s original usage was specific and did not advocate for unregulated markets. In ‘The Wealth of Nations,’ he mentioned the ‘invisible hand’ once, referring to how individuals investing at home, driven by self-interest, inadvertently benefit the domestic economy. This context does not support a general laissez-faire approach (en.wikipedia.org).
