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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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The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of ...

Eric D. Beinhocker - 2006 - Страниц: 527
...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: 422
...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: 266
...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, Professor David F Prindle - 2006 - Страниц: 368
...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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The Sociology of Financial Markets

Karin Knorr-Cetina, Alex Preda - 2006 - Страниц: 319
...This is based on the invisible hand put forward by Adam Smith. By pursuing self-interest an individual 'frequently promotes that of the society more effectually than when he really intends to promote it' ( Smith 1 776: bk. IV.ch. 2). Second, there is concern with the lack of managerial accountability in...
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Enlightening Revolutions: Essays in Honor of Ralph Lerner

Ralph Lerner, Svetozar Minkov, Stéphane Douard - 2006 - Страниц: 399
...individual decisions about where to invest one's capital. Such an individual intends only his own gain, but "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.ii.9, 456 emphasis added). As in The Theory of Moral...
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Industry and Trade, Том 2

Alfred Marshall - 2006 - Страниц: 488
...Smith says:-—" By pursuing his own interest be [the individual seeking an employment for his capital] frequently promotes that of the society more effectually than when he really intends to promote it" (Book iv. ch. n. vol. i. p. 421 in Canaan's edition), and Knies, ia a spirited effort to induce his...
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Pricing on Purpose: Creating and Capturing Value

Ronald J. Baker - 2010 - Страниц: 400
...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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The Elgar Companion to Development Studies

David Clark - 2006 - Страниц: 713
...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 the invisible hand to promote an end which was no part of his intention' (ibid.). These principles...
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The Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes

Mark Skousen - 2007 - Страниц: 243
...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...effectually than when he really intends to promote it. l have never known much good done by those who affected to trade for the public good. (Smith 1965 [1776],...
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