ARBUS202 Lecture Notes - Lecture 6: Joseph Heath, Upward Bound, Invisible Hand
9 May 2016
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Experience pleasurable experiences, only consequence is being plugged into the machine forever. Cooperation, however, to the extent that it is vulnerable to free-rider problems, requires that individuals refrain from pursuing their self-interest joseph heath. It is not the benevolence of the butcher, the brewer, or the baker that we expect our dinner but from their regard to their own interest. Every individual neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. smith. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. But again cooperation, however, to the extent that it is vulnerable to free-rider problems, requires that individuals refrain from pursuing their self-interest. joseph heath.
