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Topic: Miscellaneous
Number of pages / Number of words: 3 / 666
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Smith had virtues in mind when he wrote of self-interest; he just chose not to focus on them for he already had in his first book.

The third topic that I have pondered is whether Smith had given any thought as to what context his invisible-hand would apply to. Smith was an objective economist; he based his invisible-hand theory upon what he observed in the eighteenth-century economy...


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Smith was an objective economist; he based his invisible-hand theory upon what he observed in the eighteenth-century economy. He did not believe that the new corporate systems or the attempts of workmen to form protective organizations would last. He felt that the marketplace would continue to only grow; remain free of any social disturbances...


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