they know how to bargain? Whom to trust? Reading: The Wealth of Nations • "Of the Division of Labour" http://www.bartleby.com/10/101.html • * "Of the Principle Which Gives Occasion to the Division of Labour" http://www.bartleby.com/10/102.html Quotes from Smith “ • THIS division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual, consequence of a certain propensity in human nature which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another.” • “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 our own necessities but of their advantages.” • The invisible hand:
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This note was uploaded on 11/17/2011 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.