Every individual...generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry he intends only his own security; and 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.Could it be that the invisible hand, could we only see it, would be making a rude gesture?
Adam Smith
The Wealth of Nations, Book IV Chapter II
Thursday, February 05, 2009
Quotation and Comment
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