subject
History, 17.03.2022 07:10 destineecoleman2001

In the following statement, Adam Smith comments on the individual who uses domestic industry and labor. Use Smith's statement to answer the question below: "...he intends only his own security... 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... By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it."

Source: An Inquiry into the Nature and Causes of the Wealth of Nations

How does Smith's view of the economy expressed in this excerpt compare to Owen's?

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 13:30
Which of the tribes fought the u.s. army for 10 years to keep their land
Answers: 3
question
History, 21.06.2019 20:30
How w.e.b. dubois wanted to improve the social and economic situation that existed for african americans during the early 19th century?
Answers: 1
question
History, 22.06.2019 04:10
2points which excerpt from thomas paine's common sense best represents an attempt to appeal to ethos to persuade the reader? a. the infant state of the colonies, as it is called, so far from being against, is an argument in favor of independence. b. to talk of friendship with those in whom our reason forbids us to have faith is madness and folly. o c. oye that love mankind! ye that dare oppose, not only the tyranny, but the tyrant, stand forth! o d. i am not induced by motives of pride, party, or resentment to espouse the doctrine of separation and independence..
Answers: 2
question
History, 22.06.2019 13:30
Explain why the hellenistic era was a time of toleration and open-mindedness.
Answers: 3
You know the right answer?
In the following statement, Adam Smith comments on the individual who uses domestic industry and lab...
Questions
question
Mathematics, 08.05.2020 12:57
Questions on the website: 13722360