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Adam Smith: Conceptions Of Value
Part 1 of Paper
.... today. In his Wealth of Nations, he concentrates on self-interest and its relation to both the economic and moral societies. Through this concentration he brings in value to create a harmony in society. He created an economic society based on free market, which influenced America's economy and is effective today. .... Part 2 of Paper
....rily concerned with attempting to define what is good for the individual and also the society.
If the good is known, the obligation to pursue it becomes evident. People must decide in each new situation what their duties are. Morality and self - interest are connected. To have good morals one must decide what is best for not only themselves but for others also.
One concern, which was valuable to Smith, was happiness. The two basic ways he thought happiness was achieved was through economic.... |
| Number of words: 2014 - Approximate pages: 8 |
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