Please answer the following questions about Adam Smith in your notebooks after you research him using google.
1. Who is Adam Smith?
2. What is he considered to be the Father of?
3. What were the titles of some of his writings?
4. When did he live?
Read the following article:
http://plus.maths.org/content/os/issue14/features/smith/index
5. What is the invisible hand?
6. Please compare the invisible hand to something today in our economic system...think of something we discussed in class.
1. Who is Adam Smith?
ReplyDeleteHe is most famous for defining modern economic theory
2. What is he considered to be the Father of?
Economics..
3. What were the titles of some of his writings?
The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations.
4. When did he live?
5 June 1723 – 17 July 1790
5. What is the invisible hand?
explains all sorts of phenomena, from scientific progress to environmental degradation.
6. Please compare the invisible hand to something today in our economic system...think of something we discussed in class.
i really dont understand what it is talking about at all with this invisible hand, it makes no sense. but i guess it has to do with why our economy sucks.
i dont think we were supposed to post this to the blog, but its happening. sorry if i wasnt supposed to.
ReplyDelete1. he was a famous philosopher, and defined economic theory.
2.modern economics?
3. the theory of moral sentiments, an inquiry into the nature and causes of the walth of nations, and history of astronomy.
4. june 5th, 1723-july 17th, 1790ish.
5. the invisible hand explains the different sorts of phenomena. when he wrote it, it explained game theories?
6. i dont understand what he really means, but i guess the government is gooing by what sounds appealing to the eye, but doesnt think of the consequences. they never thoroughly think it through, and give a thoery to what might happen.
Adam Smith is the father of economics. the titles of some of his writings are An Inquiry into the Nature and Causes of the Wealth of Nations. he lived during the the late 1700's and had the "invisible hand " theory involving trade and free trade. choosing things for the lower price. a genious way to do economics...much like walmart how the use the lowest prices and free trade to keep prices low and keep a good business
ReplyDelete1/2. Adam Smith is the father of economics. He is famous for his ecnomic theory
ReplyDelete3.The Theory of Moral Sentiments, An Inquiry to the nature and cases of wealth and nations.
4. Born - June 5, 1723, Died - July 17, 1790
5. the "invisible hand" is a theory involving free trade and trade, and choosing things for a lower price.
6. The invisible hand is basically how walmart operates. they use the lowest prices to keep a good business going.
1. Who is Adam Smith?
ReplyDelete-a Scottish philosopher and economist.
2. What is he considered to be the Father of?
-father of economics
3. What were the titles of some of his writings?
- An Inquiry into the Nature and Causes of the Wealth Of Nations and The Theory of Moral Sentiments
4. When did he live?
-16 June 1723 – 17 July 1790
Adam Smith is a Scottish philospher and the father of economics. He wrote The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations.He lived in the late 1700s and was born on June 5, 1723,and died on July 17, 1790. The "invisible hand" is a theory involving free trade and choosing things for a lower price; it explains numerous different sorts of phenomena. The invisible hand is comparable to Walmart for walmart sells its products at the lowest prices and buys its products at the lowest prices.
ReplyDelete