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  "path": "/economy-and-business/2026-04-05/adam-smiths-invisible-hand-why-his-ideas-are-still-influential-today.html",
  "publishedAt": "2026-04-05T03:30:00.000Z",
  "site": "https://english.elpais.com",
  "tags": [
    "Adam Smith",
    "Margaret Thatcher"
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  "textContent": "The Scottish thinker – considered by many to be ‘the father of capitalism’ – published his magnum opus, ‘The Wealth of Nations,’ 250 years ago. In it, he coined the metaphor of the invisible hand, which refers not to a magical order, but to a market with an institutional framework that fosters growth. His ideas decisively influenced liberal thought, especially due to his belief in individual liberty and his wariness of state intervention",
  "title": "Adam Smith’s invisible hand: why his ideas are still influential today"
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