PAPM 1000 Lecture Notes - Lecture 3: Scottish Enlightenment, Capital Accumulation, Market Price

• School: Carleton University
• Department: Public Affairs and Policy Management
• Course: PAPM 1000
• Professor: Marc Hanvelt

Document Summary

Was a prof, a wage earner (unlike most economists at the time) Man measure of all things, central to understanding all things. Construction of what it meant to be a rational being and the exclusion of women. Commit to authority because interests better protected. Liberty: every rational being has free will, linked with responsibility. Equality: before law and opportunity (all born equal) eliminating notion of privledges (private laws given to aristocracy, system where everyone is equal before law) Property: judicial regime determining rights for each, own; exchange og property rights over objects not the actual objects. Religion, each person can decide if submit but can"t decide for person in name of god, toleration. Value of things depend on the amount of labout needed to produce it. Prof at glasgow, salaried worker (huge respect for in work) Francis hutcheson, how can have right moral judgements, develops concept of sympathy; capacity to understand other people (feel sympathy) means can make judgement.