...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...effectually than when he really intends to promote it.28 A review of the economic literature of the early years of the nineteenth century suggests that...

...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...effectually than when he really intends to promote it.33 The economy is a product of human action, not of human design. A system driven by an invisible...

...besides that of brute cause and effect, present even in the step-by-step process whereby the natural interest he frequently promotes that of the society...effectually than when he really intends to promote it." Wealth of Nations, Book IV, chap. ii. course of things reaches its final term. The presence of such...

...needs of society as a whole, each person aims to maximize his/her own self interest and in the process "he frequently promotes that of the society more effectually than when he really intends to promote it." In this process, an "invisible hand" sees to it that what society needs gets produced — without any...

...always the worse for the society that it was no part of it By pursuing his own interest he fre» quently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation,...

...perhaps the most important sentence ever written in English: "By pursuing his own interest he frequently2 promotes that of the society more effectually than when he really intends to promote it." In a stroke of his pen Smith solved the ageold conundrum of group versus individual interests. And,...

...89 22 47 8 0 5 7 United Kingdom 68 46 39 29 11 6 18 United States 97 62 47 15 0 8 1 Unknown/NR 6 9 0 the society more effectually than when he really intends to promote it." 97 The healing and renewal of our nation will be complete, and Ghana will be on the road to become...

...capital in the support of domestic industry, and so to direct that industry that its produce maybe from one province to another by water, and even the...horseback, or in a cart, of hats, of wools, and woolen I have never known much good done by those who affected to trade for the public good. It is an affectation,...

...given the poetic name of the "invisible hand" by Adam Smith. Let us quote him: "he [the individual] intends only his own gain, and he is in this, as in...effectually than when he really intends to promote it" (1937, 423). astrous: it led to the terror of Robespierre.212 However, that modern principle of subjectivity...

...end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently...effectually than when he really intends to promote it" (Smith 1910, 400). The importance of what was meant to be a commonsense assertion (irrespective of...