Tuesday, February 12, 2013
"Invisible Hand"
After our reading in class and for homework, I noticed some similarities between Smith's and Marx's ideas of 'greater than us' forces at work and was wondering if you guys felt the same way. They both believe in the power of peoples' self-interest as a moderator. Do you think this is accurate? Do you think that it will regulate both the present day (economy) and the past (class struggle, people want the best)?
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I think this is the exact argument that politicians today find themselves asking. Essentially, Yes I do think it is accurate. I think it will regulate present day issues seeing as social networks and people's opinion have become the center point of our time. I don't know how it WILL regulate the PAST because you second question confused me, as something in the future cannot regulate the past.
ReplyDeleteI think that self interest is a good regulator of the economy. It keeps prices fair for both the seller and buyer's best interests. However, the economy is more complicated. With major corporations and other complications, its hard to say if self interest is enough of a governing force on the economy.
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