Monday, September 14, 2009

Malthus and Smith

I have posted week 5 readings on Adam Smith and Thomas Malthus.

The reason I have chosen these two is that, presently, the world seems to be either Smithian or Malthusian in their outlook on business.

The Smithians (If I may) roughly believe that the division of labor and trade make us all better off.

The Malthusians roughly believe that competitive forces in the market actually makes us all worse off.

I believe this division is much deeper, and more accurate, than talking about Socialists and Capitalists. Examining these earlier documents gives us a good deal of insight into modern discussions of sustainability.

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