Your editorial (11 March) is correct in insisting that the economist and philosopher Adam Smith used “invisible hand” only once in The Wealth of Nations: to discuss investing at home or abroad, not as a general description of economic structure.
If the capital is invested at home, the decision to do that being purely a selfish and personal one, then, as if led by an invisible hand, this benefits the domestic economy.
Which is true, so we’d better be careful about deterring investment at home through the confiscatory taxation of either the wealth or the profits from having benefited the society by investing at home.
Tim Worstall
Senior fellow, Adam Smith Institute, London
By dedicating 2 hours daily to this online job, I brought in $16,453 last month. It’s incredibly simple to start and doesn’t require any specific skills, making it perfect for anyone. For a student like me, this has been the ultimate solution to balancing my studies and finances…
.
For More…….. Rb.gy/axcdam
Harassing people in comment sections? Not a job I’d want. MD’s wouldn’t take you?
It’s 80 bucks. Conversion rate of Guyana dollars to US dollars is 1 to 0.005.
Guyana? This a Baron Tottenham scam?
His link is ‘Rb.gy.’ ‘.gy’ is internet nation code for Guyana.
Worstall published in Guardian? Start of something big?
It wasn’t last time. Thirteen years ago.
Quite right, it wasn’t. I’d already finished my Guardian writing career by then.
Probably the end of the career of the Guardian employee who accepted the letter.
Talking of the Guardian: I find some accusations of anti-semitism to be bogus or downright dishonest. But this case seems reasonably persuasive to me. I suppose it’s because Jews have been so careless as to be white.
https://archive.ph/pfLRM