Adam Smith

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Title: Adam Smith

Essay Details:

Subject: Miscellaneous

Author: Chun M

Date: September 21, 2014

Level: University

Grade: A

Length: 3 / 804

Essay text:

Nowadays, such as in America with the $700bn deal to rescue the economy over there, otherwise it would send the whole country into turmoil, it is necessary for the government to interact in some cases. Smith had a strong view of human cognition, not human motivation believing that ordinary people know how to cope financially with their everyday lives. He was an extremely strong believer in self-interest. At this time, when it was firmly believed by the majority that the lower classes in society needed help from their ‘betters’ these radical views were somewhat frowned upon. Meritocracy, believing that people have their own god given talents is another thing that Smith believed in...

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