invisiblehand

invisiblehand
invisible hand n.
An economic principle, first postulated by Adam Smith, holding that the greatest benefit to a society is brought about by individuals acting freely in a competitive marketplace in the pursuit of their own self-interest.

* * *


Universalium. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Sharon Harris — is a libertarian political activist and president of the Advocates for Self Government.Harris holds a bachelor s degree in journalism and a master s degree in psychology.In 1972, Harris was a founding member of the Libertarian Party of Georgia.… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”