Adam Smith's Lost Legacy: Aline van Duyn Understands Adam Smi...
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Saved by 1 people (0 private), first by anonymouse user on 2008-10-22
- Philbaumann on 2008-10-22 - Tags Capitalism , Invisible hand
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The theory by the famous 18th century economist was originally part of a discussion about domestic versus foreign trade. It has since been applied to markets more generally. It suggests that, in a free market, an individual pursuing his own self-interest will make choices which will also tend to benefit the entire community”.
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