Adam smith invisible hand sparknotes1/15/2024 ![]() 'But the amount of the metal pieces which circulate in a society, can never be equal to the revenue of all its members. ‘When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.’ All other revenue is ultimately derived from some one or other of these.’ ‘Wages, profit, and rent, are the three original sources of all revenue as well as of all exchangeable value. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.’ ‘It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. ‘The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgement with which it is any where directed, or applied, seem to have been the effects of the division of labour.’ 'No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.’ ![]() ![]() Unless otherwise stated, all references to Smith are taken from the 1976 Clarendon Press edition of his works.
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