A recent work by Deepak Lal is titled "reviving" this concept, and a paper by E. K. Hunt and Ralph D'Arge posited a similar concept leading people who attempt to maximize their utility to impose externalities on society. This concept was first used to criticize polytheists who ascribe the "irregular events of nature" to gods like Jupiter in The History of Astronomy. In Making Globalization Work, Joseph Stiglitz argues for the nonexistence of this concept, which notably appeared in another work's section "Of Systems of Political Economy." That section describes an individual who "intends only his own security" by supporting domestic over foreign industry, and is led by this concept to "promote an end which was no part of his intention." FTP, name this concept that individuals promote the go
A recent work by Deepak Lal is titled "reviving" this concept, and a paper by E. K. Hunt and Ralph D'Arge posited a similar concept leading people who attempt to maximize their utility to impose externalities on society. This concept was first used to criticize polytheists who ascribe the "irregular events of nature" to gods like Jupiter in The History of Astronomy. In Making Globalization Work, Joseph Stiglitz argues for the nonexistence of this concept, which notably appeared in another work's section "Of Systems of Political Economy." That section describes an individual who "intends only his own security" by supporting domestic over foreign industry, and is led by this concept to "promote an end which was no part of his intention." FTP, name this concept that individuals promote the good of the market by pursuing their own interests, introduced in The Wealth of Nations by Adam Smith.
A recent work by Deepak Lal is titled "reviving" this concept, and a paper by E. K. Hunt and Ralph D'Arge posited a similar concept leading people who attempt to maximize their utility to impose externalities on society.