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The invisible hand is a metaphor inspired by the Scottish economist and moral philosopher Adam Smith that describes the incentives which free markets sometimes create for self-interested people to accidentally act in the public interest, even when this is not something they intended. Smith originally mentioned the term in two specific, but ...
They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species.
To emphasise this connection, Samuelson [93] quotes Smith's "invisible hand" statement substituting "general interest" for "public interest". Samuelson [94] concludes: "Smith was unable to prove the essence of his invisible-hand doctrine. Indeed, until the 1940s, no one knew how to prove, even to state properly, the kernel of truth in this ...
The "invisible hand" is a frequently referenced theme from the book, although it is specifically mentioned only once. As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual ...
These quotes by notable Black people—from celebrated authors to award-winning actors to renowned public figures—reflect their determination, achievements, wisdom, and the mantras they used or ...
22. "Look, your daughter doesn't say she's a demon. She says she's the devil himself. And if you've seen as many psychotics as I have, you'd know it's like saying you're Napoleon Bonaparte."
A California man died and a Good Samaritan is facing serious injuries after being attacked by dogs last week. According to a statement from the San Diego Humane Society obtained by USA TODAY, the ...
Landscape with Invisible Hand is a 2023 American science fiction film written and directed by Cory Finley, based on the 2017 novel of the same name by M. T. Anderson. The film stars Asante Blackk, Kylie Rogers, and Tiffany Haddish. Humans struggle in a future economy after aliens come to Earth and become the de facto ruling class.