By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many... The 101 Greatest Business Principles of All Time - Page 10by Leslie Pockell, Adrienne Avila - 2007 - 128 pagesLimited preview - About this book
| Arthur George Heath - 1921 - 176 pages
...promoting it. By directing that industry in sujh a manner as its produce may be of the greatest value, 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, Wealth of Nations, i. 421 (ed. Cannan).... | |
| Thomas Nixon Carver - 1921 - 792 pages
...promoting it. ... By directing (his) industry in such a manner as its produce may be of greatest value, 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. . . . By pursuing his own interest he frequently promotes... | |
| Herbert Heaton - 1922 - 304 pages
...promoting it by directing industry in such a manner that its product may be of the greatest value, but 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 hisintention. ' ' This being so, then free competition, the rule of self-interest,... | |
| Herman Finer - 1923 - 298 pages
...security ; and by directing that industry in such a manner as its produce may be of greatest value, 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. . . . By pursuing his own interest he frequently promotes... | |
| ARTHUR N. HOLCOMBE - 1923 - 536 pages
...returns. "By directing that industry in such a manner as its produce may be of the greatest value, 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. By pursuing his own interest he frequently promotes that... | |
| Arthur Norman Holcombe - 1923 - 522 pages
...returns. "By directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible v' hand to promote an end which was no part of his intention. By pursuing his own interest he frequently... | |
| Morris Albert Copeland - 1924 - 584 pages
...to the society"; somehow there is coordination of specialists. To Adam Smith it seemed, indeed, that "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. " If we may make a substitution for the "unseen hand," we... | |
| 1924 - 812 pages
...such a manner as its produce may be of the greatest value," though " he intends only his own gain," " is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." 1 You observe how the very terms of the former treatise... | |
| 1924 - 702 pages
...such a manner as its produce may be of the greatest value," though " he intends only his own gain," " is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." 1 You observe how the very terms of the former treatise... | |
| Hugh Dalton Baron Dalton - 1925 - 404 pages
...indeed, neither intends to promote the public interest, nor knows how much he is promoting it. . . . He intends only his own gain ; and he is in this, as...many other cases, led by an invisible hand to promote an end which was no part of his intention."* This doctrine is founded more 1 I., p. 290. 1 Book IV.,... | |
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