Question
Adam Smith is most known for coining the term the invisible hand. He frequently used the phrase individuals acting in their own self-interest promote the
Adam Smith is most known for coining the term "the invisible hand." He frequently used the phrase "individuals acting in their own self-interest promote the public good." This, however, was not its initial aim.
Do you believe in Adam Smith's theory of value? Why or why not?
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
