Quote:
Originally Posted by rubicon
According to the email: "Our lease is coming to an end, and we have tried to work with The Villages to renew it. However, they have other plans for this space and decided not to renew our lease."
The VLSI Invisible Hand
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I found it;
DEFINITION of 'Invisible Hand'
A term coined by economist
Adam Smith in his 1776 book "An Inquiry into the Nature and Causes of the Wealth of Nations". In his book he states:
"Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it ... 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. Nor is it always the worse for society that it was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the
public good."
Thus, the invisible hand is essentially a natural phenomenon that guides
free markets and
capitalism through competition for scarce resources.
Read more:
Invisible Hand Definition | Investopedia http://www.investopedia.com/terms/i/...#ixzz3qQk4yynq
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