John Smith Critique

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In the wealth of nations Smith makes numerous bold claims, these suggestions need to be scrutinised and weighed up, the following paragraphs will now put his hypothesis under the torch light. Smith does have some legitimate points however, there also many that have holes in his claims too, in reality; his idealistic theory of free market is not as advantageous he contends, in fact, the free market has many disadvantages to it. Smith was quite clearly, a fierce critic of mercantilism and some of his criticisms do appear to be valid. Smith argument can be demonstrated via Tariffs as they do interfere with the price system and of course costs for the consumer increases; such a system only benefited the corn dealer while it adversely affected the …show more content…

Division of labour allows every worker to be allocated the role which he is best suited. This helps to provide, opportunities for the best utilisation of natural talents as a person performs the job which he likes and gets pleasure in doing. Also, division of labour helps to increase the efficiency because every worker is assigned a job that suits his skills, experience, training and aptitude, the in the right person job leads to higher output. Furthermore, as a worker continuously repeats his work, he becomes an expert in performing the job. Division of labour not only increases the quantity of work it also improves the quality of production. Division of labour helps to avoid waste of time and effort caused by changes from one type of work to …show more content…

Corn was not another commodity like most in the times, as it was necessary for guaranteeing the subsistence of the population. The demand and need for corn was massive, it was unlikely for the demand of corn to really diminish. It should and would be seen as morally questionable, to make corn a full commodity. In the modern society, corn may be not as much of a commodity as it was back then but there still plenty of goods and services that can be considered committed such as free healthcare, educations water, energy and so forth. Isaiah berlin’s idea of positive liberty is the basis of this concept that essentially, the state needs to create a society where it is for an individual to rise and progress however certain industries are needed to ensure. Put in the simplest terms, one might say that a democratic society is a free society because it is a self-determined society, and that a member of that society is free to the extent that he or she participates in its democratic process. But there are also individualist applications of the concept of positive freedom. For example, it is sometimes said that a government should aim actively to create the conditions necessary for individuals to be self-sufficient or to achieve self-realization . A without public education and healthcare, many would not not be able to afford these necessities which would increase poverty and mortality as there are basics for

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