Adam Smith - Critical Writing Assignment 1 Robert Baxter...

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This document contains an opinionated answer to a question for Economics. The question was “How would Adam Smith respond to modern day claims that unequal distribution of wealth leads to social unrest?” I derived my answer from research of different materials all accessible from the web. This documents purpose is to give my view on Adam Smith’s possible response. Critical Writing Assignment 1 Robert Baxter 11/1/2012
“No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable” (Smith, 1776)) These particular words echo Adam Smiths thoughts on unequal distribution. In essence he would agree with the statement to the fullest, and not only because he said it, but because it is evident to everyone that lives on this earth that this is indeed a true statement. Adam Smith would most likely smile knowing that something that he spoke of during his lifetime would still be relevant today. He would probably point out that as long as there are people who have more money that there counterpart there will always be unequal distribution of wealth. “Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions” (Smith, 1776). This is something that is unavoidable. The world must still function even though there are instances where the levels are

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