PHI 175 - Lecture 16 - Lecture16 19:33 Smith...

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Lecture 16 19:33 Smith Division of Labor Wool coat Propensity to trade “natural disposition to truck and barter” Self Interest and Liberal Institutions By allowing people to determine what their talents are bets suited for we actually do a lot  more for the common good then if we concentrated on producing more societal wealth. Invisible Hand p. 464 Marx Writing in 1848 Historical materialist It’s the mode of production on the ground that determines what kind of society we have. How we produce goods in society determines the prevailing ideology of the age. According to Marx how should we understand history? Its all class conflict Bourgeois People who own the industry, the capitalists Impressed by what they’ve done Understanding of family have been revolutionized Everything gets thrown to the side in the interest of self interest 
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