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, 22.06.2019 01:00
What domestic issues did england and france have?
Answers: 1
question
History, 22.06.2019 04:00
Which of the following statements best describes the importance of the battle of
Answers: 1
question
History, 22.06.2019 05:50
One of galileoโ€™s contributions to science was a creating the coordinate plane system. b developing the scientific method. c improving the telescope. d inventing the astrolabe.
Answers: 2
question
History, 22.06.2019 07:40
1. discovered the new world balboa 2. explored the north american southwest hudson 3. his crew was the first to sail around the world vespucci 4. conquered the incas of peru cortes 5. discovered the pacific ocean columbus 6. conquered the aztecs of mexico cabot 7. discovered fishing grounds off newfoundland pizarro 8. looted spanish vessels for england drake 9. claimed the hudson river area for dutch coronado 10. priest who explored the mississippi marquette 11. man for whom the new world is named magellan
Answers: 1
You know the right answer?
In the following statement, Adam Smith comments on the individual who uses domestic industry and lab...
Questions
question
Mathematics, 07.04.2020 17:24
Questions on the website: 13722363