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" They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it,... "
The Economic Journal: The Quarterly Journal of the Royal Economic Society - Сторінка 428
1924
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Welfare, Incentives, and Taxation

James A. Mirrlees - 2006 - 602 стор.
...they divide with the poor the produce of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries...divided into equal portions among all its inhabitants. (I Vi 1 0) This is far from the later conception of an economic equilibrium that is 'optimal' in Pareto's...
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Enlightening Revolutions: Essays in Honor of Ralph Lerner

Svetozar Minkov, Stéphane Douard - 2006 - 416 стор.
...individual self-interested ends. The result in this case is that the rich "are led by an invisible hand to make nearly the same distribution of the necessaries...earth been divided into equal portions among all its inhabitants."23 While invoking the invisible hand, Smith is careful to explain the mechanisms by which...
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The Bourgeois Virtues: Ethics for an Age of Commerce

Deirdre Nansen McCloskey - 2010 - 637 стор.
...brings inequality in its train. He therefore claims cheerily that the rich "are led by an invisible hand to make nearly the same distribution of the necessaries...earth been divided into equal portions among all its inhabitants."18 The argument is Pope's trickledown — "Yet hence the poor are clothed, the hungry...
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The Roman Predicament: How the Rules of International Order Create the ...

Harold James - 2006 - 192 стор.
...acceptable. "The rich . . . consume little more than the poor. . . . They are led by an invisible hand to make nearly the same distribution of the necessaries...earth been divided into equal portions among all its inhabitants."23 In the Wealth of Nations, there is no analogous passage. Instead, in the Wealth of...
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Democratic Society and Human Needs

Jeff Noonan - 2006 - 288 стор.
...with the poor the 43 Ibid-. 349produce of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries...have been made had the earth been divided into equal portions."15 Why a division of the earth into equal portions would yield the gross asymmetries of wealth...
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Pioneers of Industrial Organization: How the Economics of Competition and ...

H. W. de Jong, William G. Shepherd - 2007 - 342 стор.
...Sentiments (TMS, pp. 184-5) Smith also makes the claim that: [People] are led by an invisible hand to make nearly the same distribution of the necessaries...the interest of the society and afford means to the mutiplication of the species. That obviously, is a big claim and when he says 'the beggar, who suns...
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Thorstein Veblen and the Revival of Free Market Capitalism

Janet T. Knoedler, Robert E. Prasch, Dell P. Champlin - 2007 - 262 стор.
...they divide with the poor the produce of all of their improvement. They are led by an invisible hand to make nearly the same distribution of the necessaries...intending it, without knowing it, advance the interest of society and the multiplication of the species. (Smith, 1759 [1982], pp. 184-5) This analysis of Adam...
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Less Than Two Dollars a Day: A Christian View of World Poverty and the Free ...

Kent A. Van Til - 2007 - 193 стор.
...p. 37. CHAPTER TWO Using the Free Market as Distributor They [the rich] are led by an invisible hand to make nearly the same distribution of the necessaries...divided into equal portions among all its inhabitants. . . . Adam Smith, Moral Sentiments Adam Smith (1723-1790) People have always exchanged goods in markets...
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Mises: The Last Knight of Liberalism

Jörg Guido Hülsmann - 2007 - 1143 стор.
...negligible impact on how the land was actually used. Land owners, he said "are led by an invisible hand to make nearly the same distribution of the necessaries...had the earth been divided into equal portions among its inhabitants." Adam Smith, The Theory of Moral Sentiments (Indianapolis: Liberty Fund, [1759] 1976),...
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Handbook on the Economics of Happiness

L. Bruni - 2007 - 635 стор.
...they divide with the poor the product of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries...have been made, had the earth been divided into equal portion among all its inhabitants, and thus without intending it, without knowing it, advance the interest...
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