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Adam Smith: Conceptions Of Value
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Among many other contributions to society, Adam Smith made an immense impact that is still evident 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 soc ....
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.... to Smith, was happiness. The two basic ways he thought happiness was achieved was through economics and morality. Self-interest is the primary path that leads to happiness. In using self-interest in economics, one puts forth effort that will best satisfy his or her own needs. By doing this it is not selfishness, it is looking out for oneself in which it could possibly help out others. If all are self interested, the competition is fair. In a self interested society no one becomes hurt, ye.... |
| Number of words: 2014 |
Approximate pages: 8 |
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