Economics is the study of how people in society 经济学是研究社会中的人.pptVIP

“Economics is the study of how people in society choose to employ scarce resources to produce goods and services and distribute them among various persons and groups in society.” Waud Principles of Economics Key Economic Issues Adam Smith Institutions of Capitalism Comparative Economic Systems Every man is no doubt, by nature, first and principally recommended to his own care; and as he is fitter to take care of himself than of any other person, it is fit and right that it should be so. Every man, therefore, is much more deeply interested in whatever immediately concerns himself than in what concerns any other man. Adam Smith TMS  It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Adam Smith WoN He generally, indeed, neither intends to promote the public interest nor knows how much he is promoting it….he intends only his own security; and by directing [his] industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Adam Smith, WoN Self Interest is the motivation in Capitalism, but it is not a justification for immoral behavior. It gives us a reason to work hard not an excuse to do whatever we like. How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it. Of this kind is pity or compassion…. Adam Smith TMS p. 9 There can be no proper motive for hurting our neighbour, there can be no incitement to do evil to another, which mankind will go along with…. To disturb