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Adam Smith Libertari

Adam Smith libertarian POLS 2300 UofU Midterm Review

Purpose of Government 1. Protect the Weak 2. Curb the Violence 3. Chastise the Guilty
Advantages to Free Market 1. Maximizes individual liberties, people are fre to use their individual talents toward and occupation of their own choice. 2. Meritology, success is determined by hard work.
Invisible Hand The idea that innate human greed drives public good. Individuals want to become wealthier and to do so they must provide a service to the community in return for wealth, wealth being a natural drive given by God which humans equivocate with happiness
What are the implications of the Invisible Hand? Means an increase in a communities communal happiness, thus Free Market is morally good. Also means a broader base of products and goods available.
Created by: aniytlia