Enter Topic
Explaining A Concept: Concept Of The Invisible Hand In A Laissez-Faire Economy
Part one of term paper
“By preferring the support of domestic to that of foreign industry, he intends only his own security; 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 it.” Ad ...
Part two of term paper ... According to some, commerce and trade should be permitted to operate free of controls of any kind; there should be no tariffs or other barriers. This is where the term laissez-faire is introduced. It’s direct translation in French, “leave alone to do”, is self-explanatory.
A strong believer in this type of economics is Adam Smith, both a philosopher and an economist. Born on 1723 in Kirkcaldy, Fife, he studied at Oxford, and became a professor of logic at Glasgow (1751), but took up ...
Word count: 853 | Approximate pages: 4
|
|
Membership |
Price |
|
30 days recurring |
$19.95 |
90 days recurring |
$39.95 |
180 days non-recurring |
$69.95 |
|
|
Having a hard time getting started on that research paper that is due soon?
Maybe you just don't know what to write about or just need some ideas to get you on your way? Worry that your report won't be good enough to make your teacher happy? Wish there was some resource that could help? Worry no more...
EssayZap is the solution! We have over 45,000 research papers available on our site for you to peruse and print and will fit into any student's budget. Unlike some other sites that
charge by the page or per download, we offer full and unlimited access to all the college essays in our database. So join today and make your essay writing a snap!