Frank and Ernest by Thaves for September 16, 2001
September 15, 2001
September 17, 2001
Transcript:
"Adam Smith and the invisible hand in 'The Wealth of Nations'. 18th century political economist Adam Smith advocated free market capitalism. He believed the public interest was served, albeit unintentionally, when individuals freely pursue their own self interest. 'Every individual intends only his own gain and.. is led by an invisible hand to promote an end which was no part of his intention.' - Wealth of Nations. Book IV, Chapter 11." "Wall Street." "What happened to YOU?!" "The invisible hand gave me a wedgie."
