Philosophy 2074F/G Chapter Notes -Oligopoly, The Environmentalist, U.S. Consumer Product Safety Commission
8 Dec 2013
School
Department
Course
Professor
Document Summary
The importance of a claim depends to a great extent on what it denies ( to understand what the conviction rests on, to be able to understand its inadequacies. In regard for people"s thoughts that we do not need ethics. Early philosophers used to believe economics was a branch of practical reason . Official story; this changed with adam smith. ; made it so that economics was scientific and hard headed (no ethics, or morals and moralizing) It"s not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self love . They want our business and we want their products, there seems no need for ethics. All that is needed is our regards for our own respective interests, and the market is due to bringing about the mutually gainful exchanges.
