Adam Smith — "The invisible hand is not a magical force, but a metaphor for the unintended soc…"
The invisible hand is not a magical force, but a metaphor for the unintended social benefits of individual self-interested actions.
The invisible hand is not a magical force, but a metaphor for the unintended social benefits of individual self-interested actions.
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"The whole annual produce of the land and labour of every country, or what comes to the same thing, the whole price of that annual produce, naturally divides itself, as has already been observed, into …"
"The poor, in order to obtain the means of subsistence, are obliged to undergo the drudgery and hardships of the meanest employments, and to expose themselves to the greatest dangers, in order to gain …"
"The desire of riches, and the contempt of poverty, are the great and most universal causes of corruption of morals."
"The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority whi…"
"The third and last duty of the sovereign or commonwealth is that of erecting and maintaining those public institutions and those public works, which, though they may be in the highest degree advantage…"
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