According to adam smith, what role does individual self-interest play in directing human activity?

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01-02-2017
Biology

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According to adam smith, what role does individual self-interest play in directing human activity?

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makaylatellez makaylatellez · Answer 1 · 2017-02-01T22:32:20+01:00

makaylatellez makaylatellez

01-02-2017

Adam Smith described self-interest and competition in a market economy as the "invisible hand" that guides the economy. This episode of the Economic Lowdown Podcast Series explains these concepts and their importance to our understanding of the economic system.

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