our recent discussions were about Adam smith,
Adam smith was most famous for writing An inquiry into the Causes of the Wealth of Nations , also known as the "bible" of capitalism.
we could also call it the philosophy of the free market system.
we contemplated the idea of a free market system, and Laissez faire, the "leave us alone" policy which meant that the big time corporations would no longer monopolize industry.
A gentle word to the wise: posts really need to go up earlier than the day of the next class. Ideally (Platonically?), after a Wednesday class group leaders should post on that very day, or perhaps the next. Group members should all get their comments in before Monday. That way, the opportunity exists for a real conversation to happen online and stimulate class discussion. This way, we're just joylessly punching the clock.
ReplyDeleteLet's do better in October, ok?
to a degree, i definitely like the idea of laissez faire. I think government should at least back off a little. but, i think that we do still need a government. i think if we completely relied on laissez faire, things would crumble pretty quickly. i think moderation is the key, and a little moderation goes a long way.
ReplyDeleteI feel that a laissez faire government, while idea, can no longer exist in todays global economy. This is especially true in the United States due mainly to the economical situations such as the increasing national debt. I feel that one day a laissez fair government may one day may reemerge within the United States, however i do not feel it will be in my lifetime.
ReplyDeleteI apologize for the tardiness of the post. Our former leaders regular absents has caused confusion within our group.
ReplyDeleteI didn't think about my opinion of laissez faire as much as I did just the amount of involvement that government has in the economy. Our government really is quite large and has its hands in almost every aspect of our economy wether is by bailing companies out, regulating trade, giving grants, etc. I don't think that its a bad thing but I think that in some ways its important to make sure that it doesn't over step a line... where the line should be drawn I have no idea.
ReplyDeleteI don't know much about economics but what I do know is that there are going to be times of where the economy rises and times when it falls. I think that sometimes the government should not always be so close to the economy when things are bad (or good for that matter) and should let the natural cycle exist. However, I believe the government does serve somewhat of an obligation to keep anything too drastic from happening to protect the people and the welfare of the country itself.
p.s. sorry for this post coming after class. When I could check before my other classes today it was not up but the absence of our group leader has caused issues. We got those resolved now I believe!