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Smith refused to accept this reality and in his book he showed that free trade and competition could induce economic growth and expansion which in turn would reduce poverty and reform morality in humankind. Smith observed and economic reality which is referred to and the "invisible hand". He states that people at the basic level, are motivated by their own self interest...
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Smith observed and economic reality which is referred to and the "invisible hand". He states that people at the basic level, are motivated by their own self interest. In pursuit of this self interest, we are led by the "invisible hand" to foster others self interest as well. "Your grocer, for example, wants to serve his own interestâhe wants to make money...
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