Top 25 Invisible Hand Quotes of 37 - Page 2

Many people in this world are merely playing a role, unaware that there is an Invisible Hand guiding them.

Many people in this world are merely playing a role, unaware that there is an Invisible Hand guiding them.

Hands, Invisible Hand, People

Adam Smith is an egalitarian, he believed in equality of outcome, not opportunity. He is an enlightenment figure, pre-capitalist. He says, suppose in England, one landowner got most of the land and other people would have nothing to live on. He says it wouldn't matter much, because the rich land owner, by virtue of his sympathy for other people would distribute resources among them, so that by an invisible hand, we would end up with a pretty egalitarian society. That is his conception of human nature.

Noam Chomsky

Opportunity, Invisible Hand, Hands

Source: pennpoliticalreview.org

Let's take Adam Smith, the patron-saint of capitalism, what did he think? He thought the main human instinct was sympathy. In fact, take a look at the word "invisible hand." Which, of course, you learned about, or you think you've learned about. Take a look at the actual way in which he used the phrase. There is almost no relation to what is claimed.

Noam Chomsky

Thinking, Invisible Hand, Hands

Source: pennpoliticalreview.org

The invisible hand in politics operates in the opposite direction to the invisible hand in the market.

Milton Friedman

Hands, Opposites, Invisible Hand

Milton Friedman (1972). “An economist's protest: columns in political economy”

Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.

Margaret Thatcher

Hands, Invisible Hand, Creative

"Rupert Murdoch's inaugural Margaret Thatcher lecture" by Rupert Murdoch, www.theguardian.com. October 21, 2010.

The invisible hand never picks up the check.

Kim Stanley

Hands, Invisible Hand, Checks

There is no economic imperative that will condemn us to deplete our vital resource base, but neither is there an invisible hand that will prevent us from doing so.

Jeffrey Sachs

Hands, Invisible Hand, Economic

"Common Wealth: Economics for a Crowded Planet". Book by Jeffrey Sachs, 2011.

This it is that gives a majesty so pure and touching to the historic figure of Christ; self-abandonment to God, uttermost surrender, without reserve or stipulation, to the guidance of the Holy Spirit from the Soul of souls; pause in no darkness; hesitation in no perplexity, recoil in no extremity of anguish, but a gentle unfaltering hold of the invisible Hand, of the Only Holy and All Good--these are the features that have made Jesus of Nazareth the dearest and most sacred image to the heart of so many ages.

James Martineau

Jesus, Heart, Invisible Hand

James Martineau (1905). “A Martineau year book: Extracts from sermons”

[Margaret Thatcher] was the invisible hand behind it. Without that, there'd be no Trainspotting and no Filth.

Irvine Welsh

Hands, Invisible Hand, Trainspotting

Source: thequietus.com

The effect of capitalism is to steer human selfishness so that, through the invisible hand of competition, the energies of the capitalist produce the abundance from which the whole society benefits.

Dinesh D'Souza

Hands, Invisible Hand, Competition

Dinesh D'Souza (2008). “What's So Great about Christianity”, Tyndale House Pub

As the great naturalist Charles Darwin saw clearly, individual and collective interests often coincide, as in the invisible hand narrative. But he also saw that in many other cases, interests at the two levels are squarely in conflict, and that in those cases, individual interests generally trump. That simple observation suggests that market failure is often the result not of insufficient competition (the traditional charge from social critics on the Left), but of the very logic of competition itself.

Bob Frank

Simple, Two, Invisible Hand

Source: www.pbs.org

Americans have always pursued our dreams within a free market that has been the engine of our progress. It's a market that has created a prosperity that is the envy of the world, and rewarded the innovators and risk-takers who have made America a beacon of science, and technology, and discovery. But the American economy has worked in large part because we have guided the market's invisible hand with a higher principle - that America prospers when all Americans can prosper. That is why we have put in place rules of the road to make competition fair, and open, and honest.

Barack Obama

Dream, Technology, Invisible Hand

"The Day the Momentum Changed: And What Obama Needs to Do in the Debates to Keep It" by Drew Westen, www.huffingtonpost.com. October 23, 2008.