 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
 | Jonathan B. Wight, John S. Morton - 2007 - 210 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, The Wealth of Nations, eds. RH Campbell and... | |
 | Michael Shermer - 2008 - 346 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... | |
 | David Hafemeister - 2007 - 487 pages
.... . . 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." [Adam Smith, The Wealth of Nations, 1776] "Famine seems... | |
 | John Langlois - 2007 - 242 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... | |
 | Helmut Willke - 2007 - 228 pages
...— although even' individual actor is only interested in his or her egotistic advantage: » ... 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« (Smith 1965: 423). Coase offers a more mundane explanation... | |
 | Viktor Okhonin, Abram Il?ich Fet - 2007 - 335 pages
...or the baker, that we can expect our dinner, but from their regard to their own interest". 1 ... "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..." [Smith, edition those who has ever smattered such planning.... | |
 | Dirk Helbing - 2007 - 393 pages
...that "... 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 ..." implying impressive efficiency and effectiveness in decision making [33]. Although it took nearly... | |
 | Ashwani Kumar - 2003 - 246 pages
...'conductor' of technology for development." (Rosenblatt, 1979, p. 29). innovation and investment, " 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" (see Smith, 1976, p. 477), but "once competition was lost,... | |
 | Matthias Leistner - 2007 - 1200 pages
...such a manner as its produce may be of the greatest value, he intends only his own gain, and he is, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." (Hervorhebung des Verf.). 45 Smith, Wealth of Nations,... | |
 | Loretta Napoleoni - 2011 - 321 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, The Wealth of Nations, Book IV, http://www.econlib.org/... | |
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