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BCOR%203010%20Class%205 - BCOR3010 Class #4: Origins of the...

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BCOR3010 Class #4: Origins of the Classical View of the Role of Business: The Wonderful World of Adam Smith
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The Wonderful World of Adam Smith Historical Context: What Was the Justification for Exchange Relationships? Enter Mr. Smith The Wealth of Nations: Smith’s Context and Selected Parts A Jump into Modern Times: Defending Walmart Some Concluding Thoughts: Smith as a Moral Philosopher and then some
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Chapter II: Of the Principle which Gives Rise to the Division of Labour… 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 own necessities but of their advantages.
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The individual pursuing his own self-interest is… led by an invisible hand to promote an end which was no part of his intention. Nor is it always worse for society that it
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This note was uploaded on 04/22/2008 for the course BCOR 3010 taught by Professor None during the Spring '07 term at Colorado.

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BCOR%203010%20Class%205 - BCOR3010 Class #4: Origins of the...

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