Show:
Biography
Works
Influences
Interpretations
100
Country he was born and baptized in
Scotland
100
Title of his first major work
Theory of Moral Sentiments
100
Smith drew much inspiration from a group of philosophers who were all part of this ethnic group
Scottish
100
Is the work of Adam Smith relevant in today's society?
Yes because it is the foundation for Capitalism, Free Markets and Laissez Faire economics.
200
Studied at Glasgow University and ___ University
Oxford
200
Believed that sympathy and ____y are essential to human communication
Empathy
200
Smith criticised Britain's ___endent nature
Independent
200
In what conditions do Adam Smith's "invisible hand" ideology fail in?
In conditions of monopoly and oligopoly, the "invisible hand" fails.
300
His _ died before he was born
Father
300
He was against mercantilism but in favour of this system
Laissez-faire
300
François Quesnay was an influence for this Adam Smith work:
The Wealth of Nations
300
What kind of economy and political system would Adam Smith align under and what are some examples of countries that follow these policies?
Capitalism and the free market economy is preached upon by Adam Smith and it is prevalent in today's society ex. USA, Hong Kong, Singapore and Australia.
400
Appointed professor of moral philosophy at this University
Glasgow
400
When society looks out for themselves, this _____ helps everybody
Inadvertently
400
David Hume believed that this is at the core of moral behaviour since it allows us to approve of others’ characteristics
Sympathy
400
The three ways Adam Smith would critique modern day America.
Adam Smith would critique modern day America in many ways including, the existence of monopolies, and ineffectively or disingenuously managed companies, which manipulate the market to avoid engagement with competition. In addition, the growing centrality of conspicuous consumption and lobbies in the American political culture and how they interfere with the natural balance in the economic system.