SOCB42H3 Lecture Notes - Patrimonialism, Barter
Document Summary
1723-1790 born in scotland family was middle class studied moral philosophy studied in oxford. 28; he was a full professor gave his lectures in english; it was unusual because they did lectures in latin. 1759; wrote a book; theory of moral sentiments original economist didn"t have to teach anymore with the books became private tutor of a duke. % of productive workers either of these happen, and they will get. Europe tried to build commerce first before agriculture. Theories; exporting and importing wealth; (ch 3-4) historical; agriculture vs. commerce. Patrimonialism; rejected when he"s saying wealth of the nations. King is rich and everyone else is dirt poor (patrimonialism) How much is the government supposed to do. Improved dexterity; focusing on one thing makes it better. Surplus value; people are able to produce way more than they need. Humans have the natural propensity (tendency) to truck, barter, and trade people to do things that we want.
