...own gain the outcome is to maximize national wealth and therefore to further the public interest: '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'. In his earlier work, The Theory of Moral Sentiments (1976/1759:...

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...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. (Bk. 4, chap. 2; 1:454, In Smiths analysis, social psychology...

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...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."28 What are we to make of Smith's fleeting references to...

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...indeed, neither intends to promote the publick interest, nor knows how much he is promoting it. ... [H]e 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." Adam Smith. A feudal and agrarian economy had been dying...

...rather necessarily, leads him to prefer that employment which is most advantageous to society. . . . 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 not part of his intention.1 —ADAM SMITH As Adam Smith noted, the remarkable thing...