Lecture 7 - A More Modern View of the Free Market Why was...

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A More Modern View of the Free Market Why was Adam Smith’s World So Wonderful? Video
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A More Modern View of the Free Market An origin of the thinking to ask nothing more of business than to maximize profits, one way of conceiving of social responsibility. There was more to Smith’s thinking than just a mechanical belief in the virtues of the free market
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A More Modern View of the Free Market An origin of the thinking to ask nothing more of business than to maximize profits, one way of conceiving of social responsibility. There was more to Smith’s thinking than just a mechanical belief in the virtues of the free market
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A More Modern View of the Free Market Man is self-interested Justice and Morality must exist to temper man’s selfish tendencies
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A More Modern View of the Free Market Justice is a negative guide in that it stops you from hurting others Morality , on the other hand, is positive as it a positive guide to tell us how to act
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Who Said It? [the worker]… has no occasion to exert his understanding, or to exercise his invention… He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and as ignorant as it is possible for a human creature to become. The torpor of his mind renders him, not only incapable of relishing or bearing a part in any rational conversation, but of conceiving any generous, noble
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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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Lecture 7 - A More Modern View of the Free Market Why was...

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