Adam Smith(1723-1790)

December 11, 2010

Adam Smith

“By directing that industry in such a manner as its produce may be of 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.”

Read about Adam Smith and The Invisible Hand at the Library of Economics and Liberty.

2 Responses to Adam Smith(1723-1790)

  1. […] market? Free trade? Free choice? Adam Smith’s Invisible Hand continuing to work its miracles? Sorry. Too much ”conservative” activity & […]

  2. […] New Age saviors’ are in the business of crushing Adam Smith’s Invisible Hand, the natural order and organization of things that has a creative life of its own, a total […]

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