BCOR 3010 Class #5 - The Wonderful World of Adam Smith

BCOR 3010 Class #5 - The Wonderful World of Adam Smith -...

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Unformatted text preview: Click to edit Master subtitle style BCOR 3010 Class #5: Origins of the Classical View of the Role of Business: The Wonderful World of Adam Smith The Wonderful World of Adam Smith Historical Context: What Was the Justification for Exchange Relationships? Enter Mr. Smith The Wealth of Nations: Smiths Context and Selected Parts A Jump into Modern Times: Defending Walmart Some Concluding Thoughts: Smith as a Moral Philosopher and then some The Wonderful World of Adam Smith Historical Context: What Was the Justification for Exchange Relationships? The Wonderful World of Adam Smith Enter Mr. Smith The Wealth of Nations: Smiths Context and Selected Parts 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 is no part of it. By pursuing his own interest, he frequently promotes that of society more effectually than when he intends to promote it. I have never known much good done by those who affected to trade for the public good. Chapter II: Of the Principle which...
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This note was uploaded on 03/04/2009 for the course BCOR 2010 taught by Professor Keith during the Fall '09 term at Colorado.

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BCOR 3010 Class #5 - The Wonderful World of Adam Smith -...

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