“Invisible hand” of Adam Smith (Smith 2/4)

By preferring the support of domestic to that of foreign industry, he [every manufacturer] 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.

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Nick Samoylov

Nick Samoylov

Born in Moscow, lived in Crimea, now lives in the US. Used to be physicist and rock climber, now programmer and writer.