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Market self-regulation through self-interest

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5️⃣ Price and Value

5️⃣ Price and Value

AustroBot event 2026

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I, Pencil

I, Pencil

Free To Choose Network event 1980

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"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."

— Smith, Adam event 1776

menu_book An Inquiry into the Nature and Causes of the Wealth of Nations

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"He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."

— Smith, Adam event 1776

menu_book An Inquiry into the Nature and Causes of the Wealth of Nations

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An Inquiry into the Nature and Causes of the Wealth of Nations

person Smith, Adam event 1776

Foundational work of modern economics examining the mechanisms of free markets, division of labor, and the role of self-interest in creating prospe...

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Smith, Adam

event 1723 - 1790

Scottish economist and philosopher, father of modern economics, author of The Wealth of Nations and The Theory of Moral Sentiments

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