Adam Smith's theory of the invisible hand assumes that

Adam Smith is known as ''the father of economics''. He's the author of ''The Theory of Moral Sentiments'' (written in 1759.) and ''The Wealth of Nations'' (written in 1776.). In his second written book, he mentions a phrase - invisible hand. With this phrase he assumes that commercial societies, markets could enable humans who are looking to satisfy their own needs to benefit other human beings.