PSCI 2302 Lecture Notes - Lecture 5: Invisible Hand, Mercantilism, Orbital Inclination
14 Dec 2016
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Adam smith, the wealth of nations (pages 492-506) Prominent for being talked about by people who have never read them. Vision actively propagated: mentioned only twice in his writing, he never once used the term in economics. Both these generalizations are incomplete views of smith. Self-motivations leads to public good: moral judgments were made with our sentiment, rather than a rational calculation involve with moral self-interest, smith wrote 2 books: the theory of moral sentiment. Four branches of moral philosophy: ethics, political economy, literature, rhetoric, esthetic criticism. Regularities in human conduct can start from the beginning and rationally construct a model in society: smith was an opponent of a system(cid:495)s thinkers. Those who think you principles smith too, was taken with the idea of superstitious: hume was particularly taken by questions about factions. When he talked about different parties, he was concerned with parties of: smith was concerned with a kind of superstition in the economic beliefs. world.
