 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
 | Luis Augusto Panchi Vasco - 2004 - 492 pages
...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 other casses, led by an invisible hand to promote an end which was no part of his intention. Ñor is it always... | |
 | Seumas Milne - 2004 - 476 pages
...and with it, the legitimacy of the strike itself.48 CHAPTER TWO A HIDDEN HAND Every individual ... is in this, as in many other cases, led by an invisible hand. Adam Smith, WEALTH OF NAT1ONS, 17761 If Maxwell's 'spring offensive' had been gruelling enough for... | |
 | Catherine E. Ingrassia, Jeffrey S. Ravel - 2005 - 364 pages
...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 other cases, led by an invisible hand to promote an end which was no part of his intention. ' 81 The Glasgow edition of The Wealth of Nations compares... | |
 | John E. Ikerd - 2005 - 228 pages
...necessities but of their advantages."17 In referring to the benefits of free trade, Smith wrote, "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... | |
 | Alan Aldridge - 2005 - 182 pages
...own gain the outcome is to maximize national wealth and therefore to further the public interest: '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'. In his earlier work, The Theory of Moral Sentiments (1976/1759:... | |
 | Michael McKeon - 2005 - 1864 pages
...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 other cases, led by an invisible hand to promote an end which was no part of his intention. (Bk. 4, chap. 2; 1:454, In Smiths analysis, social psychology... | |
 | Raymond W. Baker - 2005 - 288 pages
...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 other cases, led by an invisible hand to promote an end which was no part of his intention."28 What are we to make of Smith's fleeting references to... | |
 | Allen Verhey - 2005 - 550 pages
...indeed, neither intends to promote the publick interest, nor knows how much he is promoting it. ... [H]e 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. A feudal and agrarian economy had been dying... | |
 | James D. Gwartney, Richard Stroup, Dwight R. Lee - 2005 - 209 pages
...rather necessarily, leads him to prefer that employment which is most advantageous to society. . . . 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 not part of his intention.1 —ADAM SMITH As Adam Smith noted, the remarkable thing... | |
 | Glyn Lloyd-Hughes - 2005 - 412 pages
...generally, 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 in...many other cases, led by an invisible hand to promote an end which was no part of his intention. What is prudence in the conduct of every private family,... | |
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