Invisible hand: The Theory of Moral Sentiments, Selfishness, Competition (economics), Supply and demand, Laissez- faire, Enlightened self- interest, Free price system - Softcover

 
9786130626662: Invisible hand: The Theory of Moral Sentiments, Selfishness, Competition (economics), Supply and demand, Laissez- faire, Enlightened self- interest, Free price system

Inhaltsangabe

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In economics, the invisible hand, also known as the invisible hand of the market, the term economists use to describe the self-regulating nature of the marketplace is a metaphor first coined by the economist Adam Smith in The Theory of Moral Sentiments. For Smith, the invisible hand was created by the conjunction of the forces of self-interest, competition, and supply and demand, which he noted as being capable of allocating resources in society. This is the founding justification for the laissez-faire economic philosophy.

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Reseña del editor

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In economics, the invisible hand, also known as the invisible hand of the market, the term economists use to describe the self-regulating nature of the marketplace is a metaphor first coined by the economist Adam Smith in The Theory of Moral Sentiments. For Smith, the invisible hand was created by the conjunction of the forces of self-interest, competition, and supply and demand, which he noted as being capable of allocating resources in society. This is the founding justification for the laissez-faire economic philosophy.

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