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PHI 445 Discussion As read in Chapter 2 of the course text, Adam Smith argued that self-interest…

PHI 445 Discussion

As read in Chapter 2 of the course text, Adam Smith argued that self-interest is a critical element in a society’s economic development. Karl Marx, by contrast, argued that society functions better when each of us is more community oriented.

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Pretend you are either Adam Smith or Karl Marx, and explain economic recession from these perspectives.

Discuss when greed and selfishness in businesses go too far and become a hazard to society. Stepping back into your shoes again, contrast your system of values and ethics concerning greed and self-interest with the system of values of Smith or Marx. Discuss if the ethical perspective of a particular group to which you currently belong, or previously belonged resembles the perspective of Adam Smith or Karl Marx?

Your initial post should be at least 250 words in length.

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