The invisible-hand argument against broadening corporate responsibility says that business's appetite for profit should be controlled by the hand of the government.

Question

Quizplus · Accepted Answer

The invisible-hand argument is rooted in the belief that businesses, when left to their own devices, will naturally act in the best interest of society through the pursuit of self-interest and profit. Therefore, proponents of the invisible-hand argument argue against government intervention in business affairs. They believe that the market will self-regulate and that government intervention will only hinder economic growth and prosperity.

The Invisible-Hand Argument Against Broadening Corporate Responsibility Says That Business's