ARTICLE TITLE: Adam Smith's invisible hand: defining its content and assessing the role
AUTHORS: Taranukha Yu
ABSTRACT: The article studies the initial stage of the emerging theory of competition. The mysterious market invisible hand in A. Smiths understanding is nothing but a competition. The references to A. Smith used to justify economic liberalism often do not fully correspond to his views, and the critical attitude to competition was actually formed at its early stage.
KEYWORDS: competition , invisible hand , free competition , economic liberalism