Adam Smith

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Department
Victoria College Courses
Course
VIC101H1
Professor
David Cook
Semester
Winter

Description
thVIC103Y1 Ideas and Fine ThoughtsMarch 12 2012For Adam Smith the economy was concerned with unproductive sideHas 2 models in mind of how one should understand the economic relationships of societyWants us to think of economy in a different waySome exchange circles are based on moneySome societies are based on statusFor Bataille the obligation that goes w a gift theres part of it thats sort of nastyBecause the person receiving the gift knows he must give back and often give back something biggerSome part of the gift that was for Bataille causing a problemaccursed sharePotlatch societieskeep one exchanging and parties get bigger and bigger until you eventually blow all resources on a big partyAdam smiths model of economics is base don scarcit
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