1. What is the “invisible hand" and what is the mechanism that makes it possible? What are the desired outcomes this doctrine claims to bring about and what assumptions does it make about motivations...

Extracted text: 1. What is the “invisible hand" and what is the mechanism that makes it possible? What are the desired outcomes this doctrine claims to bring about and what assumptions does it make about motivations and institutional conditions? Is the "invisible hand" really the best way to understand markets? Why or why not? Explain your answer in detail.