SOC 3104 Lecture Notes - Lecture 3: Pawn Stars, Storage Wars
Document Summary
Has had influence on other early thinkers (ex. Asserts that the impetus to divide labor among humans is born of the human impulse to trade. **one of the cornerstones of his argument is that humans are the only species to specialize. But this isn"t true- there are plenty of other examples in the animal kingdom that specialize, just not consciously. By collaborating in the production we increase our capacity for production. Self-interest and the foundations of the liberal social order. On some level we accept that the other person will act in self interest just as much as we will. People spend a certain amount on the auction and they want to make profit, but so do the people buying it from them. You have to be able to appeal to other self-interest actors. Smith dismisses the use of duties and regulation to insure domestic industry.
