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Anglický jazyk
The Adam Smith Problem
Autor: Moatez Chaouachi
Scientific Essay from the year 2012 in the subject Economics - History, grade: First, London Metropolitan University, language: English, abstract: In Wealth of Nations, Smith vehemently cited that economic practices were motivated by the principle of self-interest.... Viac o knihe
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O knihe
Scientific Essay from the year 2012 in the subject Economics - History, grade: First, London Metropolitan University, language: English, abstract: In Wealth of Nations, Smith vehemently cited that economic practices were motivated by the principle of self-interest. On the other hand, Smith argued that economic behaviour was mainly determined by sympathy, a sentimental phenomenon that is prominent in the Theory of Moral Sentiments. As such, these two works present a moral dilemma as to whether the human behaviour in economy is motivated by self-interests or sympathy. In effect, the Adam Smith Problem revolves around the presumption that economic behaviour is driven by both social interest of benevolence and private interest of self-love. This paper presents a critical analysis of this problem. In details, the paper seeks to determine the extent to which the problem is based on a misunderstanding of human behaviour.
- Vydavateľstvo: GRIN Verlag
- Rok vydania: 2012
- Formát: Paperback
- Rozmer: 210 x 148 mm
- Jazyk: Anglický jazyk
- ISBN: 9783656240594
