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SMITH, Adam (1723-1790). An Inquiry into the Nature and Causes of the Wealth of Nations. With notes, supplementary chapters, and a life of Dr. Smith by William Playfair. London: for T. Cadell and W. Davies, 1805. 3 volumes, 8°. Contemporary diced calf gilt, marbled edges (rebacked preserving original spines).
Eleventh edition. In remarks made at a memorial to Reagan in 2004, Bruce Chapman, a Deputy Assistant to Reagan in the White House, recalled: “Let me tell you about this Invisible Hand. Many of you will remember that the phrase originally comes from the economist Adam Smith who believed that the actions of a free market work like an ‘invisible hand’ to assure that the activities of many individuals, though seemingly self-interested, result in benefits for the common good. Ever since Ronald Reagan studied classical economics at Eureka College, Adam Smith was his hero. So everybody in the Administration quoted Adam Smith. Neckties with little Adam Smith busts on them festooned every male conservative chest in Washington when I was there…But, as I have suggested, the real invisible hand in the Reagan Administration belonged to Ronald Reagan. Call it self-effacing, or call it shrewd; he often didn’t leave his fingerprints. But on such issues as defense and diplomacy, the economy, the family – his hand was there.”
Eleventh edition. In remarks made at a memorial to Reagan in 2004, Bruce Chapman, a Deputy Assistant to Reagan in the White House, recalled: “Let me tell you about this Invisible Hand. Many of you will remember that the phrase originally comes from the economist Adam Smith who believed that the actions of a free market work like an ‘invisible hand’ to assure that the activities of many individuals, though seemingly self-interested, result in benefits for the common good. Ever since Ronald Reagan studied classical economics at Eureka College, Adam Smith was his hero. So everybody in the Administration quoted Adam Smith. Neckties with little Adam Smith busts on them festooned every male conservative chest in Washington when I was there…But, as I have suggested, the real invisible hand in the Reagan Administration belonged to Ronald Reagan. Call it self-effacing, or call it shrewd; he often didn’t leave his fingerprints. But on such issues as defense and diplomacy, the economy, the family – his hand was there.”