ECON 408

Spring 2007

 

Reading Notes

 

Adam Smith

The Wealth of Nations

Book I, Chapter 2

 

This excerpt concerns the concept of self-interest.

 

1. When was The Wealth of Nations written?

 

 

2. Paragraph 1 . . . Famous line alert . . . what propensity of human nature does Smith identify?

 

 

3. Paragraph 2 . . . Famous line alert . . . how do we obtain goods and services from others?