Techne, Profit, Laissez-Faire

Smith's concrete innovation is Division of Labor, which he conceives to be the motor of Wealth-accumulation.  That concept is combines two theories: 1. Profit is derived from the Surplus-Value of a commodity, the source of which is the Labor by which raw material is transformed into a usable product; and 2. Labor is more efficient when sub-divided into specialized components. So, the Profit-motive is a factor in the first, and the Invisible Hand is no factor at all.  Now, the Profit-motive is also a factor in the sales or exchange of a product, i. e. to receive back as much as possible.  But, the Market may be a Zero-Sum game, so, Profit derived therein in itself does not contribute to the Wealth of a Nation, and insofar as the Invisible Hand distributes the accumulated Wealth of such traders, it is merely correcting the unbalance created by the transaction.  So, in Smith's program, Techne is involved only in the application of a plan for greater efficiency, for the purpose of generating greater profits.  In contrast, the Invisible Hand is completely impracticable, whether or not it actually exists.  Thus, Laissez-Faire policy has only one Technical function: to protect the maximization of personal profits from concrete corrections that are designed to themselves protect potential victims of such profiting, e. g. asthma sufferers from industrial pollution.  So, any Theological ground for a Laissez-Faire policy, i. e. that it is the divine Invisible Hand that it is protecting, mis-conceives what is actually threatened by regulation.