Invisible Hand Quotes

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  • People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

    An Inquiry into the Nature and Causes of the Wealth of Nations vol. 1, bk. 1, ch. 10 (1776)
  • It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.

    An Inquiry into the Nature and Causes of the Wealth of Nations vol. 1, bk. 2, ch. 3 (1776)
  • I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.

    Thinking   Hands   Years  
  • No people can be bound to acknowledge the invisible hand which conducts the affairs of men more than the people of the united States. Every step by which they have advanced to the character of an independent nation seems to have been distinguished by some token of providential agency

    George Washington (2011). “Washington's Political Legacies: With a Biographical Outline of His Life and Character”, p.58, Cambridge University Press
  • The net effect of increasing scale, centralization of capital, vertical integration and diversification within the corporate form of enterprise has been to replace the 'invisible hand' of the market by the 'visible hand' of the managers.

    "The Limits To Capital". Book by David Harvey, 1982.
  • The invisible hand in politics operates in the opposite direction to the invisible hand in the market.

    Milton Friedman (1972). “An economist's protest: columns in political economy”
  • As against the "invisible hand" of Adam Smith, there has to be a visible hand of politicians whose objective is to have the kind of society that is caring and humane.

    Pierre Elliott Trudeau (1995). “Memoirs”, McClelland & Stewart Limited
  • He is led by an invisible hand to promote an end which was no part of his intention

    An Inquiry into the Nature and Causes of the Wealth of Nations vol. 2, bk. 4, ch. 2 (1776) See Adam Smith 1
  • The invisible hand is not perfect. Indeed, the invisible hand is a little bit arthritic ... I'm a believer in free markets, but I think we need to be less naïve. We need to accept that markets give us pretty good solutions, but occasionally they will lock in something inferior.

  • People who intend only to seek their own benefit are “led by an invisible hand to serve a public interest which was no part of” their intention. I say that there is a reverse invisible hand: People who intend to serve only the public interest are led by an invisible hand to serve private interests which was no part of their intention.

    "Why Government Is the Problem".
  • Every individual necessarily labors to render the annual revenue of 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 not part of his intention.

    An Inquiry into the Nature and Causes of the Wealth of Nations vol. 2, bk. 4, ch. 2 (1776) See Adam Smith 1
  • The effect of capitalism is to steer human selfishness so that, through the invisible hand of competition, the energies of the capitalist produce the abundance from which the whole society benefits.

    Dinesh D'Souza (2008). “What's So Great about Christianity”, Tyndale House Pub
  • Images flicker, each one bringing its own sorrow or its own smile. Sometimes both. At the very worst, an impenetrable and sightless black and at best, a happiness so bright that it hurts the eyes to see, coming and going on some unseen projector perpetually turned by an invisible hand. One, then another. The hollow click of the shutter. Now stop. Freeze this frame. Pluck it down and hold it close and be damned by what you see. Henri always said: the price of a memory is the memory if the sorrow it brings.

    Hurt   Memories   Eye  
  • Setting goals is the first step in turning the invisible into the visible.

    FaceBook post by Tony Robbins from May 12, 2017
  • This it is that gives a majesty so pure and touching to the historic figure of Christ; self-abandonment to God, uttermost surrender, without reserve or stipulation, to the guidance of the Holy Spirit from the Soul of souls; pause in no darkness; hesitation in no perplexity, recoil in no extremity of anguish, but a gentle unfaltering hold of the invisible Hand, of the Only Holy and All Good--these are the features that have made Jesus of Nazareth the dearest and most sacred image to the heart of so many ages.

    James Martineau (1905). “A Martineau year book: Extracts from sermons”
  • Come, seeling night, Scarf up the tender eye of pitiful day, And with thy bloody and invisible hand Cancel and tear to pieces that great bond Which keeps me pale. Light thickens, and the crow Makes wing to th' rooky wood. Good things of day begin to droop and drowse, While night's black agents to their prey do rouse.

    Eye   Night   Hands  
    'Macbeth' (1606) act 3, sc. 2, l. 45
  • As the great naturalist Charles Darwin saw clearly, individual and collective interests often coincide, as in the invisible hand narrative. But he also saw that in many other cases, interests at the two levels are squarely in conflict, and that in those cases, individual interests generally trump. That simple observation suggests that market failure is often the result not of insufficient competition (the traditional charge from social critics on the Left), but of the very logic of competition itself.

    Source: www.pbs.org
  • Let's take Adam Smith, the patron-saint of capitalism, what did he think? He thought the main human instinct was sympathy. In fact, take a look at the word "invisible hand." Which, of course, you learned about, or you think you've learned about. Take a look at the actual way in which he used the phrase. There is almost no relation to what is claimed.

    Source: pennpoliticalreview.org
  • Marshall Jevons is the pioneer for integrating economics and detective fiction, and The Mystery of the Invisible Hand is another fine effort in this genre.

  • Adam Smith's uncritically enthusiastic modern disciples portray his invisible hand theory as saying that market forces reliably harness selfish individuals to serve the common good. That's often true, but as Darwin recognized clearly, many traits that serve the interests of individual animals make life more difficult for larger groups.

    Selfish   Animal   Hands  
    Source: bobmorris.biz
  • 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.

    An Inquiry into the Nature and Causes of the Wealth of Nations vol. 1, bk. 1, ch. 2 (1776)
  • The invisible hand of the market always moves faster and better than the heavy hand of government.

    "Commentary: Stimulate the economy, not government" by Mitt Romney, www.cnn.com. February 6, 2009.
  • What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.

    1776 An Inquiry into the Nature and Causes of the Wealth of Nations, bk.4, ch.2.
  • [Margaret Thatcher] was the invisible hand behind it. Without that, there'd be no Trainspotting and no Filth.

    Source: thequietus.com
  • If you are on the right path you will find that invisible hands are helping.

  • Americans have always pursued our dreams within a free market that has been the engine of our progress. It's a market that has created a prosperity that is the envy of the world, and rewarded the innovators and risk-takers who have made America a beacon of science, and technology, and discovery. But the American economy has worked in large part because we have guided the market's invisible hand with a higher principle - that America prospers when all Americans can prosper. That is why we have put in place rules of the road to make competition fair, and open, and honest.

    "The Day the Momentum Changed: And What Obama Needs to Do in the Debates to Keep It" by Drew Westen, www.huffingtonpost.com. October 23, 2008.
  • Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.

    "Rupert Murdoch's inaugural Margaret Thatcher lecture" by Rupert Murdoch, www.theguardian.com. October 21, 2010.
  • The border is a marketplace. The invisible hand of the powerful governs the crossings.

    Amitava Kumar (2000). “Passport Photos”, p.219, Univ of California Press
  • The invisible hand never picks up the check.

  • The governments of the Western nations, whether monarchical or republican, had passed into the invisible hands of a plutocracy, international in power and grasp. It was, I venture to suggest, this semi-occult power which....pushed the mass of the American people into the cauldron of World War I.

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