Adam Smith and the Invisible Hand of the Market Mechanism

Cheng-chung Lai () and Tai-kuang Ho ()
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Tai-kuang Ho: National Taiwan University

Chapter Chapter 5 in History of Economic Ideas in 20 Talks, 2022, pp 37-43 from Springer

Abstract: Abstract … 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 other cases, led by an invisible hand to promote an end which was no part of his intention.

Date: 2022
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DOI: 10.1007/978-981-19-4506-9_5

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