This The Invisible Hand video also includes:
How did economist Adam Smith shock the world in 1776? By telling the world that the best way for a government to control an economy is to not control it, and to leave people to buy and sell freely. Use this brief video as a way to quickly introduce the concept of laissez-faire in your class.
- Illustrates example of traders competing and guiding markets toward positive outcomes
- Note: Links at end of video go to a general education resource that is not specific to an economics' instructor's needs