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
| Jason B. Jones - 2006 - 148 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 that... | |
| Guido Pincione, Fernando R. Tesón - 2006 - 249 pages
...individual] 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. 42 Invisible-hand explanations are opaque, counterintuitive.... | |
| H. Lee Martin - 2006 - 256 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. — Adam Smith, Wealth of Nations Adam Smith published his... | |
| John R. Fitzpatrick - 2006 - 191 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.7 Thus, far from being a libertarian rallying cry, the 'invisible... | |
| Paul Zecos - 2006 - 467 pages
...Nations, wrote: '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.' Using each other in selfish intent but in the nicest possible... | |
| James R. Otteson - 2006 - 341 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. ( Wealth of Nations, P-456)13 Note that the argument is... | |
| Tom Siegfried - 2006 - 272 pages
...wrote. "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."5 In fact, Smith's ideas about a free-market economy were... | |
| Diane Ravitch, Michael Ravitch - 2006 - 512 pages
...abode, (There they alike in trembling hope repose) The bosom of his Father and his God. ADAM SMITH 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 (1723-1790) was born at Kirkcaldy Scotland, and... | |
| Eric D. Beinhocker - 2006 - 556 pages
...argued that this pursuit of self-interest would in turn benefit society as a whole: "[The merchant] 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... | |
| Michael Bookey - 2006 - 292 pages
...private personal gain to further the public interest. He said of the pursuit of personal gain: ... he intends only his own gain, and he is, in this, as in many other cases, led by an invisible liand [emphasis mine] to promote an end which was no part of his intention. Nor is it always the worse... | |
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