Political Science 1020E Lecture Notes - Lecture 16: Individualism, Wart, Distributive Justice
19 Nov 2015
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Document Summary
Economy stems from production, division of labour etc. Invisible hand:" from self-interest to the public good. In an economic sense, what matters are the consequences of our actions, and not intention. Open markets through free trade reduce prices, which helps the worst off. International trade leads to tolerance for other nations and citizens. Conducive to order, good government, liberty, and security. Provide public education and the infrastructure needed to do business. Smith opposes trade barriers, but supports taxation to benefit the poor. Rejets prevailing views of the poor, which is that they should stay poor. Rejects christian views of helping the poor through charity, compassion, and support. The poor are dignified, industrious, equally capable, and entitled to their fair share of goods. Social reform aimed at maximizing human happiness; it is the right thing to do. Some pleasure are higher than others (for example, intellectual pleasures. Better to be a dissatisfied human than a satisfied pig.
