Adam Smith's 'Invisible Hand' Theory: A More Complex Reality Unveiled.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2025
0mins
Source: WSJ
Adam Smith and American Capitalism: Adam Smith is recognized as a key figure in American capitalism, advocating for free trade and free markets.
Historical Context: Smith's influential work, "An Inquiry into the Nature and Causes of the Wealth of Nations," was published in March 1776, closely aligning with the American Declaration of Independence, which Milton Friedman described as a political counterpart to Smith's economic theories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
