Jamal Awil

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Adam Smith's invisible hand is the exact opposite of this. [definitional]

Adam Smith's invisible hand is the exact opposite of this. It is the critique of this paradoxical idea of total economic freedom and absolute despotism which the physiocrats tried to maintain in the theory of economic evidence. The invisible hand posits instead, as a rule,-thafthis is not possible, that there cannot be a sovereign in the physiocratic sense, and that there cannot be despotism in the physiocratic-sense, because there cannot be economic evidence.

Michel Foucault, The Birth of Biopolitics, loc. 1466