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led by an invisible hand to promote an end which was no…

“led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. 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…” quote by Milton Friedman
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““led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. 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."1””

Milton Friedman

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Individuals pursuing self‑interest often unintentionally benefit society more than deliberate altruism.

In simple terms: Self‑interest can help society.

Key Takeaway

Recognize indirect social benefits of personal goals.

Themes

economics ethics societal impact

Mood

analytical critical

Type

philosophical economic

When to use this quote

  • policy design
  • business strategy
  • public welfare programs

Key Concepts

invisible hand unintended consequences

Questions to Reflect On

  • When does personal gain harm the public?
  • How to balance intent and outcome?
A Different Perspective

Self‑interest may not always align with societal good.

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