{"id":17627,"date":"2012-11-06T00:01:25","date_gmt":"2012-11-06T05:01:25","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=17627"},"modified":"2016-12-01T11:56:15","modified_gmt":"2016-12-01T16:56:15","slug":"adam-smiths-invisible-hand","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2012\/11\/06\/adam-smiths-invisible-hand\/","title":{"rendered":"Adam Smith&#8217;s &#8220;invisible hand&#8221;"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"http:\/\/www.youtube.com\/embed\/EBifN69gcKY\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>From <a href=\"http:\/\/www.learnliberty.org\/content\/adam-smith-invisible-hand\/\" target=\"_blank\">LearnLiberty.org<\/a><\/p>\n<blockquote><p>Why are some countries wealthy while other nations are poor? Prof. James Otteson, using the ideas of Adam Smith, explains how the division of labor is a necessary and crucial element of wealthy nations. Additionally, Otteson explains Smith&#8217;s idea of the invisible hand, which explains how human beings acting to satisfy their own self interest often unintentionally benefit others.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From LearnLiberty.org Why are some countries wealthy while other nations are poor? Prof. James Otteson, using the ideas of Adam Smith, explains how the division of labor is a necessary and crucial element of wealthy nations. Additionally, Otteson explains Smith&#8217;s idea of the invisible hand, which explains how human beings acting to satisfy their own [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,25,7,10],"tags":[1080,320,576,315],"class_list":["post-17627","post","type-post","status-publish","format-standard","hentry","category-books","category-economics","category-history","category-liberty","tag-adamsmith","tag-freetrade","tag-philosophy","tag-wealth"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4Aj","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/17627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=17627"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/17627\/revisions"}],"predecessor-version":[{"id":17628,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/17627\/revisions\/17628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=17627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=17627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=17627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}