He believed that we should leave it up to the "invisible hand". ... The monopoly becomes a powerhouse of income not allowing the "little man" to prosper. ... He believed that we should leave it up to the "invisible hand" to oversee the economic condition of the marketplace. ...
He is most often recognized for the expression "the invisible hand," which he used to demonstrate how self-interest guides the most efficient use of resources in a nation's economy, with public welfare coming as a by-product. ... 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. ... "In civilize...
The essential message of the book was that man's self-interest would promote the economic well being of all. ... Smith is most widely known for using his metaphor of the invisible hand. ... Smith stated, "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 own intention. ... Smith begins to make visible the miracle of the invisible hand by describing a simple woolen coat and begins to speak of how this product is the joint labor of a great multitude of workmen. ... He says man is continually in need...
