HUMA 1770 Lecture Notes - Lecture 14: Mass Production, Social Contract, Rationality
28 May 2014
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Every single human being has rights that cannot be alienated. (cannot be taken away from you: freedom of action, freedom of speech, freedom to own property that could not be confiscated arbitrarily, freedom to worship whomever, or freedom to worship nothing. 16th century: international expansion of commerce (cid:224) greater wealth: e. g. shares + dividends in netherlands, developed very rapidly, especially in britain, to produce as much as possible, you need labour, international markets accessed through the west provided them with greater wealth (spices, silver, gold, etc. ) Adam smith (1723 1790); policy of laissez faire (hand"s off/let it be: the invisible hand theory: impersonal force/capacity of the market to cure itself of its problems, economic exchanges should not be impeded by any other factors such as the government/state, if everyone pursues his or her own self interest, then everyone will benefit from this.
