An Investigation Into The Nature And Causes Of The Wealth...

SOCB42- Classical Sociological Theory Professor Daniel Silver TUT0001 TA Katie Stuart Joyce (Fong) Liu 1001717458 Throughout the book An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith uses the term â€Å"commercial society† rather than more accustomed words like â€Å"capitalism.† Smith explains what he means by this term, is when the division of labour has been once thoroughly established, it is but a small part of a man’s want which the produce of his own labour can supply. He supplies the far greater part of them by exchanging that surplus part of the produce of his own labour, which is over and above his own consumption, for such parts of the produce of other’s men’s labour as he has occasion for. Every man thus lives by exchanging, or becomes in some measure a merchant, and the society itself grows to be what is properly a commercial society (Smith, 2003, p. 37). He was trying to say is that commercial society is a civilization where everyone is a merchant: a dealer, trader, and seller. Throughout the book, Smith starts having an agreement and disagreement on commercial society, which is a commercial society deforms human nature. However, continuing reading his book, there are more benefits of a commercial society than the drawbacks. A commercial society does not damage human nature, instead improves human nature by acting on one’s self-interest to bring positive benefits to society, connects and aids members of society together through trade andShow MoreRelatedEssay about Karl Marx and a Capitalist Society764 Words   |  4 PagesKarl Marx and a Capitalist Society Through out history money, wealth and capital have dictated a way of life to the masses. Wealth dictated the lives that the rich lived and the lives of the poor that worked for and surrounded them. 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