life, and individual freedom; otherwise, the natural, unchanging laws that govern market forces and economic processes—what later British economistAdam Smith, dubbed the "invisible
The theoretical basis for market economies was developed by classical economists such asAdam Smith, David Ricardo, and Jean-Baptiste Say. These liberalfree marketadvocates believed that the “invisible hand” of the profit motive and market incentives generally guided economic decisions down more product...
D. tell the patient everything’s OK 单项选择题 When a Scottish research team startled the world by revealing 3 months ago that it had cloned an adult sheep, President Clinton moved swiftly. Declaring that he was opposed to using this unusual animal husbandry technique to clone humans, he or...
economist, and philosopher James Mill and his wife, Harriet Barrow. His father gave him a rigorous education, introducing him to Greek at the age of three and to Latin when he was eight. Mathematics and economic theory were also part of the curriculum.3 ...
as he was considering ways to get post-war Britain out of an economic hole. Shortly before his death in 1946, he told his friend, Henry Clay, that he found himself relying more on a solution he had “tried to eject from economic thinking twenty years ago":Adam Smith’sinvisible hand(th...
Six Sigma is a set of techniques and tools used to improve business processes. It was introduced in 1986 by engineer Bill Smith while working at Motorola. Six Sigma practitioners use statistics, financial analysis, andproject managementto identify and reduce defects and errors, minimize variation, ...