Smith was thinking. From that moment on, the spirit of man was damaged. Regulation itself is not bad. Yes there is, and here it is: if originality gives birth to uniqueness, or if something (original) give birth to something (unique to something that nothing else could or ever would give birth to, then what is original, what is the ultimate cause of everything. 16 Viner equals Smith to a system-builder, in which economic phenomena as manifestations of an underlying order in nature governed by natural forces gave to English economics for the first time a definite trend toward logically consistent synthesis of economic relationships. He did not put much faith in government, and was convinced that the less the better, but also recognized that there were some functions that could not be done by anyone but government t the government. Translated by Felicia Rotaru. Decline and Visit Plain Text Site. This therefore proves that in nature however may this be true that everything a thing that we can call a thing, is but unique in itself, unique not only in the properties of its kind, or of its species, but also in terms of the.
Each person inherits a sinful nature from his/her parents at birth. . Through this, David does not say that his mother conceived him in an immoral relationship, but that he inherited the sinful nature from his parents and this truth is explained more detailed by the apostle Paul in the Epistle to Romans.
15 While under the mercantilist view, large hoarding of gold and silver was considered as a good policy, Smith recognized that wealth does not reside in money because it is just a medium of exchange. What makes his economic theory original is the mutual desire to trade that arises out of specialization. This cycle is completely different from the mercantilist view, which suggests that the world is basically a zero-sum game. Smiths political economy may not fit the definition of original by the dictionary in the sense that he invented something entirely new. 12, we should not forget that Smith was a professor of moral philosophy, and his economic theory emerged as a byproduct of that. Here are some passages that explain this doctrine that has to be understood by any man, as to seek salvation that is in Christ Jesus. Sin came through Adam and it affected us all. Our spirits are now joined with God's Spirit, and we have the ability to live a godly, holy life in Jesus Christ. The Wealth of Nations, from which Smiths political economy is derived, accordingly and understand that there are two elements to Smiths political economy. As I said before, man was created in God's image, righteous and free.