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ECONOMY that causes self-interested economic agents through exchange to promote the general good of society. The idea originated in the discussion of natural law by the English philosopher John LOCKE but is usually associated with Adam SMITH who, in his Theory of Moral Sentiments and less so in his Wealth of Nations, developed this PHYS!OCRATIC notion. Smith's use of the principle was less sensational than MANDEVILLE's that described how private vices promote public virtue. Ahmad has identified four functions of the 'invisible hand': to limit the size of the landlord's stomach, to curb the residual selfishness of a landlord, to optimize production and to preserve the natural order.<br /><em>Reference</em><br />Ahmad, S. (1990) 'Adam Smith's four invisible hands', History of Political Economy 22: 137-43.
Gossnab (P3)<br />The central supplies committee of the USSR which had the task of allocating materials to enterprises. In the 1990s, its role was to change to being a wholesaler of capital goods.
<strong>FTP</strong> – File Transfer Protocol, a standard internet protocol that allows the transmission of data files.
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<strong>Release of proceeds</strong> – Delivery of loan proceeds by the school to the borrower. (Note: This term is NOT equivalent to the lender' s process of disbursing funds to the school.)
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