WELCOME

This page is primarily intended for my students and those interested in the subjects I teach.  I hope to maintain it's accuracy, but please e-mail me (jbauer@moeller.org) concerning timeliness and content. 

Thank you. 

Every individual...generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, 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.

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages.

Adam Smith, The Wealth of Nations, Book IV, Chapter II and Book I, Chapter II

Last Updated:  Thursday, June 01, 2006