There are many situations, including most commercial transactions, that can be settled to the mutual satisfaction of both parties. But you can't negotiate with a party that doesn't act in his self-interest, only take advantage. Self-interest is the invisible hand. Smith didn't think it was virtuous, just necessary
God! I love this article so much 🔥
There are many situations, including most commercial transactions, that can be settled to the mutual satisfaction of both parties. But you can't negotiate with a party that doesn't act in his self-interest, only take advantage. Self-interest is the invisible hand. Smith didn't think it was virtuous, just necessary
Your interpretation of Plato's Republic is the only such interpretation I've seen, but I find it highly plausible.