Loosely Speaking: Adam Smith's 'Invisible Hand'

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Friday, October 17, 2008

Adam Smith's 'Invisible Hand'

Nautikos, in his comment to my previous post, mentioned this notion, and I did a little research to find out what it is. (My education, as my mom could tell you and occasionally has told me, lacks in anything comprehending economics: My dad showed me how to write a check, and left me to it.) Here it is:...every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he... Sign in to see full entry.

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