Friday, August 21, 2015

IDEAS Blog #2

After reading from Smith, who does he imply is responsible for the well-being of a person - the government or the individual? Do you agree with him? Why or why not?

I think that he says it is the responsibility of both the individual and the government.A big idea that I got from Smith is that each individual,, by pursuing his or her own self-interests, promotes the general welfare of society. Within that idea, I think he is saying that every individual should pursue their own self-interest, and their own welfare. He specifically says that he does not want the government to heavily interfere in the economy, which I think also applies to an individuals personal decisions. He says that the government is there to enforce the natural laws of justice, and to help steer trade into what is beneficial of society. So this means, the government is responsible for a certain degree of their wellbeing. The government should protect them and try and keep a functional society. However, he also says that each person should take care of themselves and make their own decisions when it comes to trade and their personal lives and careers.

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