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Essay

adam smith

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Issue:

American History

 

Written by:

George D

 

Date added:

September 13, 2013

 

Level:

 

Grade:

A

 

No of pages / words:

11 / 2883

 

Was viewed:

3402 times

 

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Essay content:

Rather than change, even repress, human nature to accord with an abstract bundle of values, market economies accept the propensities of humankind and are attentive to their character. They recognize and value its inclinations; not only human reason but the full panoply of individual aspirations and needs...
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They recognize and value its inclinations; not only human reason but the full panoply of individual aspirations and needs.3 Thus, for Smith, markets give full expression to individual, economic liberty. This combination of analytical and normative arguments provides Smith with conceptual resources for an implicit theory of social integration based on strategic interaction amongst selfinterested persons...
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