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Frank and Ernest

Published 2001-09-16 (Image 72079)


Adam Smith and The Invisible Hand. In "The Wealth of Nations", 18th century political economist Adam Smith advocated free market capitalism. He believed the public interest was served, albeit unintentionally, when individuals freely pursue their own self-interest. "Every individual intends only his own gain and ... is led by an invisible hand to promote an end which was no part of his own intention". - Wealth of Nations, Book IV, Chapter II. Wall Street. What happened to you? The invisible hand gave me a wedgie..

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