The economist Adam Smith argued powerfully for Laissez-faire in his great work The Wealth of Nations (1776) and described it as “the invisible hand”.
举一反三
- Adam Smith was the 18th century economist who said the invisible hand of competition would reduce ________ profits in business to normal levels. （ ） A: excess B: exceeding C: eccentric D: implicit
- 中国大学MOOC: “The invisible hand,” one of the most important concepts of Adam Smith, holds that every individual in pursuing his or her own interest is led to achieve the best interest for all, “to promote an end which was no part of his intention”. It shows that ________
- 18. Invisible hand is a term used by the economist ______ to describe how the decisions of households and firms lead to desirable market outcomes.
- The Chicago School champions laissez faire economic policy.
- Adam Smith argued that it was more efficient to have each employee makethe entire object individuallythan it was to divide the different tasks required to make an object.