ECO 3132 Study Guide - Final Guide: Surplus Labour, Commodity Money, Bullionism
21 Mar 2017
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Adam smith 1723-1790 wealth of nations 1776. Opposed views of thomas hobbes: that human behavior is motivated by self tends towards natural p via competition. This vision provoked a reaction from locke, hume, hutcheson and. In theory of moral sentiments 1759, smith attributes a positive social role to self individuals do not obstruct others in pursuit of their self interest (such as monopolizing). This way, egoism can lead to order and social development. In glasgow lectures 1763, smiths ideas before his physiocratic encounter. Smith also develops theory to explain origin of div of labor rejecting plato"s idea that it is due to natural diversity of talent/genius and that is ir propensity for spiritual commerce then resulting in the exchange of products of. Smith"s analytical inquiry: (cid:883)(cid:524) transformation of the economic environment because of. Nature and causes of wealth of nations: between 1763 and 1776, factors that changed found in the natural propensity of humans to exchange.
