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?
A. Both believe individuals acting in their self-interest will lead to economic equality.
B. Both believe individuals acting in their self-interest will lead to economic inequality.
C. Smith believes individuals acting in their self-interest will lead to the maximum social benefit, while Owens does not.
D. Owens believes individuals acting in their self-interest will lead to the maximum social benefit, while Smith does not.
Answers: 3
History, 21.06.2019 18:30
Select 3 oral histories from the section entitled, "oral histories of long walk events", and explain how you would feel if this experience happened to you.
Answers: 3
History, 21.06.2019 21:00
Law which gave electricity to people living in the farm victory gardens boll weevil drought great depression franklin d roosevelt warm springs, ga new deal aaa - agricultural adjustment act ccc - civilian conservation corp rea - rural electrification adminstration ssa - social security act
Answers: 2
History, 21.06.2019 23:00
In italy, the distance between milan in the north and palermo,sicily, in the south is about 550 miles. in the united states, the distance betweenboston, massachusetts, and savannah, georgia, is about 900 miles. do you think the american revolutionaries of 1776 in the 13 colonies faced some of the same challenges as the patriots who struggled for italian unity in the 1860s?
Answers: 2
In the following statement, Adam Smith comments on the individual who uses domestic industry and lab...
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Chemistry, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
Biology, 13.09.2020 23:01
Mathematics, 13.09.2020 23:01
History, 13.09.2020 23:01