This can be done with fear and lies, or honest education, or reducing stress of life so people do not feel they need it to relieve stress. The concept of the “invisible hand” was coined by the Scottish Enlightenment thinker, Adam Smith.It refers to the invisible market force that brings a free market Market Economy Market economy is defined as a system where the production of goods and services are set according to the changing desires and abilities of the market players. "Invisible hand" in a market place is the notion that a marketplace (where suppliers and consumers meet) is/should be entirely neutral. I think it is still relevent. So far based on what I've read in my Macro Economics book my answer is this; "The invisible hand of the market place guides the market through self interest. He assumed that the economy can work better in the free market scenario where each one will work for his or her own interest. It does seem as though the notion of a "free market" has been corrupted to reinforce this interpretation. Invisible hand refers to a free market which works without any invention of institutions or other markets. But does the "invisible hand" really work in a modern economy? > We address ourselves, not to their humanity, but to their self-love, and never talk to them of our own necessities, but of their advantages. A labour market is a place where workers and employees interact with each other. Their actions will result in correcting and improving the marketplace — As though an invisible hand directs the buyers and sellers to do exactly the right thing in the public interest and to boost the overall economy. Smith demonstrated that, in a free market, an individual pursuing his own self-interest tends to also promote the good of his community as a whole through a principle that he called “the invisible hand”. Is the invisible hand infallible and does that assumption lead to the conclusion that non-moral actors like corporations should rightfully be free to do whatever they care to do? Invisible hand is a metaphor used to describe the forces of self-interest, supply and demand and competition, which all so greatly influence the marketplace. Question: What does the invisible hand of a marketplace do? Guess which method is always resorted to? The invisible hand is a natural force that self regulates the market economy. invisible hand: Term used by Adam Smith to describe the natural force that guides free market capitalism through competition for scarce resources. BUT invisible hand cares not for abstract moral values but moves to affect the markets regardless of religion or law according to its own laws of economics. What does the invisible hand do in the market place? Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.