Adam Smith libertarian POLS 2300 UofU Midterm Review
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Purpose of Government | 1. Protect the Weak
2. Curb the Violence
3. Chastise the Guilty
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| 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.
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| 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
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| 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.
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