...nations to the action of individuals, but he put it most succinctly and with the greatest authority: Every individual is continually exerting himself to...own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him...

...proper without injury to his neighbour, is a plain violation of this most sacred property' (I, 10). 'Every individual is continually exerting himself...command. It is his own advantage indeed and not that of society which he has in view. But the study of his own advantage naturally, or rather necessarily,...

...perhaps even compelled - to view one's abilities as alienable and thus to stand at a distance from them. "Every individual is continually exerting himself...advantageous employment for whatever capital he can command" by means of the "study of his own advantage" (HWIV.ii.4). One is led to look upon one's work and oneself...

...affected anxiety of the lawgiver is evidently impertinent as it is oppressive." And again he states that " every individual is continually exerting himself to...own advantage indeed and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him...

...individual" — every physician, pharmacist, and professor, as much as every butcher, brewer, and baker — "is continually exerting himself to find out the most...own advantage, indeed, and not that of the society, which he has in view."7 Scholars have struggled with the 'Adam Smith Problem": How can the theme of...

...personal and social interest is the cornerstone of the liberalist creed. "Every individual," Smith said, "is continually exerting himself to find out the most...whatever capital he can command. It is his own advantage . . . which he has in view. But the study of his own advantage, naturally, or rather necessarily leads...

..."hidden hand" mechanism that produces this harmony of interests is, of course, that of Adam Smith: "Every individual is continually exerting himself...own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him...

...of men propose and wish to better their condition (Smith [1776] 1937, book II, chap. Ill, 324-25). Every individual is continually exerting himself to...own advantage, indeed, and not that of the society, which he has in view (Smith [1776] 1937, book IV, chapter II, 421). 2. On the propensity to trade [A]...

...976), S. 455 ff.: "Every individual is continually exerting himself to find out the most advatageous employment for whatever capital he can command. It...own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily leads him...

...society: Every individual [seeks] the most advantageous employment for whatever capital he can muster. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him...