https://padlet.com/dharma_jensen/eve9xy5yep1g Adam Smith en-us 2016-08-18 17:41:43 UTC 2016-08-22 16:24:15 UTC hello@padlet.com dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118803629 Dharma Jensen and            Victoria Stepanyuk ]]> 2016-08-18 17:47:09 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118803629 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118804676 Adam Smith was born on 6/16/1723, and died on      7/17/1790]]> 2016-08-18 17:50:41 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118804676 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118950387 Adam Smith was born in Kirkcaldy, Scottland (United Kingdom)]]> 2016-08-19 16:40:37 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118950387 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118952814 2016-08-19 16:50:58 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118952814 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118953336 Smith influenced these fields of study:
-  political economics
-  moral philosophy]]> 2016-08-19 16:53:14 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118953336 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118955085 2016-08-19 17:01:37 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118955085 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118955943 a) Invisible Hand Theory - minimizing the role of government intervention and taxation; the "invisible hand " guides his idea of people supporting themselves
b) "The Wealth of Nations"- the first of his published books, that emphasized his ideas towards self-interest and maximizing return
c) A free market economy leads to economic well- being- when each person looks out for themselves, they help create the best outcome for all]]> 2016-08-19 17:06:29 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118955943 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118962669 "The real tragedy of the poor is the poverty of their aspirations."- Adam Smith While many people may think that being poor is the worst part of their situation, the worst part to the poor is not being able to achieve anything. 

]]> 2016-08-19 17:38:55 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118962669 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118963782 "Defense is superior to opulence." -Adam Smith Although money can buy a lot of things,  defense and protection is something many people want to buy, but cannot. ]]> 2016-08-19 17:45:27 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/118963782 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/119085737 While no specific people of Smith's time disagreed with his ideas and proposals, economists of today are now able to recognize the flaws in his theories. Since the "Invisible Hand Theory"  does not guarantee quality assurance for unknowledgeable  consumers,  producers are able to charge more lower quality products/services. ]]> 2016-08-22 03:14:42 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/119085737 dharma_jensen https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/119088380 Adam Smith had many long term impacts on society, including the idea of making consumption of products purposeful in profit, and the publication of his highly referenced book, "The Wealth of the Nations". ]]> 2016-08-22 03:41:55 UTC https://padlet.com/dharma_jensen/eve9xy5yep1g/wish/119088380