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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... "
University of California Chronicle - Стр. 20
1921
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Great Britain from Adam Smith to the Present Day: An Economic and Social Survey

Charles Ryle Fay - 1928 - Страниц: 488
...directing that industry in such a manner as its produce may be of the greater 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 (I. 421). Adam Smith had certainly a powerful principle to...
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Dogmenhistorische Untersuchungen über den Gegensatz von Staat und ...

Adalbert von Unruh - 1928 - Страниц: 124
...employment which is fflost advantageous to the society . . . By pursuing his own interest he frequentV promotes that of the society more effectually than when he really intends to promote it". aufgebaut auf den Prinzipien authorily und utility, auch gewöhnlich nicht über den von Gesellschaft...
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The Quarterly Journal of the University of North Dakota, Том 8

University of North Dakota - 1918 - Страниц: 450
...moreover, believed that a man seeking his own interest is "led by an invisible hand to promote an end which was no part of his intention. Nor is it always...worse for the society that it was no part of it. By pusuing his own interest he frequently promotes that of the society more effectually than when he really...
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Religious Perspectives on Business Ethics: An Anthology

Thomas O'Brien, Scott Paeth - 2007 - Страниц: 390
...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 not part of his intention. Nor is it always the worse for the society that it was...
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Rational Choice and Democratic Deliberation: A Theory of Discourse Failure

Guido Pincione, Fernando R. Tesón - 2006 - Страниц: 249
...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. 42 Invisible-hand explanations are opaque, counterintuitive....
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A Beautiful Math: John Nash, Game Theory, and the Modern Quest for a Code of ...

Tom Siegfried - 2006 - Страниц: 272
...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."5 In fact, Smith's ideas about a free-market economy were...
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The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of ...

Eric D. Beinhocker - 2006 - Страниц: 556
...this pursuit of self-interest would in turn benefit society as a whole: "[The merchant] 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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Popularklagen im Privatrecht: zugleich ein Beitrag zur Theorie der Verbandsklage

Axel Halfmeier - 2006 - Страниц: 456
...to promote the puhlick interest, nor knows how much he is promoting it [...] he intends only hisown 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...
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America at the Internet Crossroads: Choosing the Road to Innovation, Wealth ...

Michael Bookey - 2006 - Страниц: 292
...personal gain to further the public interest. He said of the pursuit of personal gain: ... he intends only his own gain, and he is, in this, as in many other cases, led by an invisible liand [emphasis mine] to promote an end which was no part of his intention. Nor is it always the worse...
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The Paradox of Democratic Capitalism: Politics and Economics in American Thought

David F. Prindle - 2006 - Страниц: 398
...that industry in such a manner as its produce may be of greatest value, intends only his own gain, 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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