invisible hand

noun

(in the economics of Adam Smith) an unseen force or mechanism that guides individuals to unwittingly benefit society through the pursuit of their private interests.

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Invisible hand is always a great word to know.

So is lollapalooza. Does it mean:

a gadget; dingus; thingumbob.

an extraordinary or unusual thing, person, or event; an exceptional example or instance.

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Cultural Dictionary

invisible hand definition

A term used by Adam Smith to describe his belief that individuals seeking their economic self-interest actually benefit society more than they would if they tried to benefit society directly. The statement “What's good for the country is good for General Motors, and vice versa” expresses essentially the same belief.

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Matching Quote

"Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the publick interest, nor knows how much he is promoting it.... He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."

-Adam Smith