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" 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... "
From Adam Smith to the Wealth of America - Page 20
by Alvin Rabushka - 1985 - 237 pages
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Rational Choice and Democratic Deliberation: A Theory of Discourse Failure

Guido Pincione, Fernando R. Tesón - Philosophy - 2006 - 258 pages
...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....
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Pricing on Purpose: Creating and Capturing Value

Ronald J. Baker - Business & Economics - 2010 - 400 pages
...industry in such a manner as its produce may be of the greatest value, he intends only his own gain. He is in this, as in many other cases, led by an invisible hand to promote and end which was no part of his intention. ...By pursuing his own interest he frequently promotes...
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A Beautiful Math: John Nash, Game Theory, and the Modern Quest for a Code of ...

Tom Siegfried - Science - 2006 - 272 pages
...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...
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Lutheran Reformation And the Law

Virpi Mäkinen - Religion - 2006 - 270 pages
...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. Nor is it always the worse for the society that it was no...
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Technomics: The Theory of Industrial Evolution

H. Lee Martin - Business & Economics - 2006 - 256 pages
...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...
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Lost Causes: Historical Consciousness in Victorian Literature

Jason B. Jones - Literary Criticism - 2006 - 134 pages
...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...
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Welfare, Incentives, and Taxation

James A. Mirrlees, Professor of Political Economy James Mirrlees - Business & Economics - 2006 - 565 pages
...manner as its produce may be of the greatest value, [every individual] 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, Chapter II) This says nothing about possible advantage...
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Religious Perspectives on Business Ethics: An Anthology

Scott Paeth, Thomas O'Brien - Business & Economics - 2007 - 359 pages
...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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Capitalist Networks and Social Power in Australia and New Zealand

Georgina Murray - Political Science - 2006 - 252 pages
...correct? Are we to trust to the social responsibility of a businessman who seeks: 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 . . . nor is it always the worse for the society that it...
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Underwriting: The Poetics of Insurance in America, 1722-1872

Eric Wertheimer - Literary Criticism - 2006 - 187 pages
...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. Nor is it always the worse for the society that it was no...
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