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
| Cyril Smith - 2005 - 248 pages
...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. (IV. ii) Without any intervention of law, therefore, the... | |
| Jomo KS, Jomo Kwame Sundaram, Erik S. Reinert - 2005 - 196 pages
...'By preferring the support of domestic to that of foreign industry, he intends only his own security; 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.' While many periods have been characterized by methodological... | |
| C. N. Teulings, Ary Lans Bovenberg, Hendrik P. van Dalen, Harry van Dalen - 2005 - 155 pages
...that industry in such a manner as its produce may be of greatest value, he intends only his own ga/n, 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, The Wealth of Nations, Book IV, ch. II, 1776... | |
| Jerry Evensky - 2005 - 364 pages
...industry in such a manner as its produce may be of the greatest value, he intends only his own gain, 32 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. (WN, 456) This invisible hand is not, as the modern discourse... | |
| Michael Common, Sigrid Stagl - 2005 - 600 pages
...generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it ... 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... | |
| Erik Ringmar - 2005 - 288 pages
...self-love.45 The individual said Smith, invoking a metaphor he already had employed decades previously, 'is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.'46 A precondition for this solution to work was only that... | |
| James A. Mirrlees - 2006 - 602 pages
...say that, by directing that industry in such a manner as its produce may be of the greatest value, [every individual] intends only his own gain, and...many other cases, led by an invisible hand to promote an end which was no part of his intention. (IV, Chapter II) This says nothing about possible advantage... | |
| Mark Mattern - 2006 - 486 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. ... By pursuing his own interest he frequently promotes... | |
| R. A. Rayman - 2006 - 248 pages
...is only for the sake of profit that any man employs a capital in the support of industry. . . . 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 ow-n interest he frequently promotes... | |
| Thomas O'Brien, Scott Paeth - 2007 - 390 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 in...many other cases, led by an invisible hand to promote an end which was not part of his intention. M.uiy pastors from Smith's day down to our own time have... | |
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