The Scottish philosopher Adam Smith (1723-1790) made what contention about individual self-interest?
A) That it contributed ultimately to the general welfare of society
B) That it had to be kept in check by the strong arm of a powerful, centralized government
C) That it served as the source of all earthly woes, which only true Christian piety, as defined by the church, could alleviate
D) That it could be transformed into compassion and concern for the general welfare through the exercise of human reason

Question

Quizplus · Accepted Answer

Adam Smith argued that individual self-interest, when pursued within a competitive market, leads to economic prosperity and benefits society as a whole, a concept known as the "invisible hand."

The Scottish Philosopher Adam Smith (1723-1790) Made What Contention About