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Expected this to be about Chydenius in part, but no: https://en.wikipedia.org/wiki/Anders_Chydenius#Free_trade https://en.wikipedia.org/wiki/Anders_Chydenius#F
by vardump 9y ago
Expected this to be about Chydenius in part, but no:
https://en.wikipedia.org/wiki/Anders_Chydenius#Free_trade https://en.wikipedia.org/wiki/Anders_Chydenius#Free_trade
"In 1765 Chydenius published a pamphlet called The National Gain (Den nationnale winsten), in which he proposes ideas of free trade and industry, explores the relationship between economy and society, and lays out the principles for liberalism, capitalism, and modern democracy.[5] In the book Chydenius published theories closely corresponding to Adam Smith's invisible hand, eleven years before Smith published his book, The Wealth of Nations."
- hyperpallium 9y agofun fact: The expression "invisible hand" does not appear in The Wealth of Nations, but in Smith's previous work the Theory of Moral Sentiments.
- elcapitan 9y agoThat is not correct - it appears once in both. Part IV, Chapter 2 in "The Wealth of Nations" ("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").