 | Bernard Hodgson - 2004 - 492 pages
...infallibly led to achieve the opposite of what they aim at, the good of society as a whole (emphases added): ...It is his own advantage, indeed, and not that of the society, which he [the capital investor] has in view. But the study of his own advantage naturally, or rather necessarily,... | |
 | Jerry Evensky - 2005 - 364 pages
...there is only so much capital to allocate; "[n]o regulation of commerce" (WN, 453) can change that. It can only divert a part of it into a direction into...advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the... | |
 | James D. Gwartney, Richard Stroup, Dwight R. Lee - 2005 - 209 pages
...Hand" of Market Prices Directs Buyers and Sellers Toward Activities That Promote the General Welfare. Every individual is continually exerting himself to...advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the... | |
 | Catherine E. Ingrassia, Jeffrey S. Ravel - 2005 - 364 pages
...actors, reconciling their motives with public concerns and guiding the market towards utilitarian ends: Every individual is continually exerting himself to...advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the... | |
 | Derek L. Bosworth - 2005 - 478 pages
...case of Smith, for example, it is the principle that underpins his concept of the 'invisible hand': Every individual is continually exerting himself to...advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the... | |
 | Detlev Albers, Stephen Haseler, Henning Meyer - 2006 - 224 pages
...economist, Adam Smith. In An Inquiry Into the Nature and Causes of the Wealth of Nations, Smith writes: Every individual is continually exerting himself to...advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of society which he has in view. But the study... | |
 | Richard L. Tames - 2005 - 232 pages
...his personal self-interest. DOCUMENT 15 Adam Smith, Wealth of Nations (¡??6'), Vol I,pp 398—400 Every individual is continually exerting himself to...advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the... | |
 | Eric D. Beinhocker - 2006 - 556 pages
...motive and competition would drive them to provide those goods and services as efficiently as possible: "Every individual is continually exerting himself...advantageous employment for whatever capital he can command."25 Smith argued that this pursuit of self-interest would in turn benefit society as a whole:... | |
 | Albert Borgmann - 2010 - 257 pages
...echo of more pointed sayings that had come from Adam Smith (17231790) more than a century earlier: "Every individual is continually exerting himself...advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the... | |
 | Thomas O'Brien, Scott Paeth - 2007 - 390 pages
...wages those producers and workers who make good decisions. In '¡'lie llhi/f/i of Nations, Smith wrote: Every individual is continually exerting himself to...most advantageous employment for whatever capital he c.in command. It is his own advantage, indeed, and not that of the society which he has in view. But... | |
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Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally,... 
