The central thesis of this work is that capital is best employed for production and distribution of wealth under conditions of governmental non- interference, or laissez-faire.
The central thesis of this work is that capital is best employed for production and distribution of wealth under conditions of governmental non- interference, or laissez-faire. Production and exchange of goods can only be stimulated through efficient operations of private entrepreneurs. FTP, name this seminal work of economics, where this ‘invisible hand' concept is presented, a 1776 work by Adam Smith.
The central thesis of this work is that capital is best employed for production and distribution of wealth under conditions of governmental non- interference, or laissez-faire.
An Inquiry into the Nature and Causes of the {Wealth of Nations}