Moral Sentiments
What word does Smith use to describe the imaginative leap of placing yourself in someone else's shoes?
Sympathy
The Division of Labor
In what country was Adam Smith born?
Scotland
Higher authority such as government, not the common man
Smith uses the example of a ___ factory to explain why the division of labor is more efficient?
Pin factory
In what year was Adam Smith born?
1723
According to Smith, where does conscious come from?
It is built within us socially and imaginatively, out of countless acts being seen
Why does Smith say slavery is not beneficial for the economy?
They have no incentive to work
Name 1 out of the 2 Universities where Adam Smith studied
University of Glasgow, University of Oxford
Finish the quote, "Man desires not to be loved, but to be ___"
Lovely
What is the name of the theory which explains that the economy is better off when people pursue self-interest?
Invisible-Hand Theory
In 1748, Smith began giving public lectures at which University?
University of Edinburgh
Briefly describe the difference between rationalism and empiricism in the concept of moral judgement.
Rationalism - Determines what is right or wrong through reason and logic
Empiricism - Determines what is right or wrong through experience, observation, and subjective feeling.
Name one of Smith's ideas in Wealth of Nations that connecs to America today.
TBD
Big windows, Wider streets