Adam

John Quincy Adams was born on July 11, 1767, in Braintree, Massachusetts, on a family farm. As the eldest son, his father and mother taught him mathematics and languages. Around the age of ten, in 1778, John Quincy traveled to many European countries such as Paris, The Netherlands, and England. He received proper schooling, at Passy Academy, where he studied dance, music, artistry, and fencing. A few years afterward, he received training in the diplomatic corps; and in 1781, he accompanied…

While Adam Smith battled that the best financial framework is private enterprise, Karl Marx suspected something. Adam Smith additionally restricted the possibility of upset to reestablish equity for the masses since he esteemed request and solidness over alleviation from persecution. Marx firmly clung to the possibility that free enterprise prompts to ravenousness and disparity. Intrinsic to the possibility of rivalry is insatiability, opined Karl Marx, which would bring about inborn flimsiness…

October 25,1764: Abigail Smith marries John Adam Richard Cranch, a friend of Abigail’s, starting bringing John Adams with him to the family library. This is how Abigail met John, at first they did not get along quite well. He thought Abigail was a wit, who lacked in tenderness and Abigail thought he spoke too much. As his vistas became frequent, they both slowly began to find something attractive about each other. After John graduated Harvard in 1755, he decided to study law. At twenty-six…

Epicurus believes that happiness is the ultimate goal in life. Dr. Hunter “Patch” Adams, played by Robin Williams in Patch Adams, a film about a medical student who suffers from depression, also shares that idea. Although differing in reasons, the philosophies of Dr. Patch Adams ad Epicurus coincide: happiness is obtained through simple pleasures, a life of wisdom is acquired through nonconformity, and death should not be feared. According to both Epicurus and Patch, a life filled with…

The economic realist theory takes into consideration the need to understand economics in relation to jurisprudence. Adam Smith‘s ideas on self-interested economic realism directly contrasts Karl Marx’s concept of species being. The theory of self–interested economic realism was explained by Adam smith in An Inquiry into the Nature and Causes of the Wealth of Nations. Smith’s idea of economic realism is that every man is self-interested in procuring the best possible relation to society for…

One major point made by Adam Smith in his philosophy of economics is the idea that self-interest is the main influence to the flow of capitalism. Self interest in this context is the desire to have personal gain, which as a whole promotes the state of the economy. Smith provides a metaphor for economic interest in “The Wealth of Nations” when stating, "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.…

Abigail Smith Adams was born to William Smith and Elizabeth Quincy in Weymouth, Massachusetts on November 11, 1744. Her Father was born in Charlestown, Massachusetts on January 29th, 1706. He was a Congregational minister before he died in 1783. Her mother was born in Braintree, Massachusetts in 1721 and married in 1740 before she died in 1775. Abigail was known as “Mrs. President” due to the amount of influence and strength she portrayed as first lady of the United States. In her childhood,…

Gesell and Dempsey (2011) described Adam Smith’s “perfect liberty” as an individual left perfectly free to pursue his own interest his own way. The premise being that of an “invisible hand” of competition where capital, labor and the marketplace would naturally maintain a balance with equal distribution of wealth and capital across all levels of the workforce (division of labor) in a free, rather than limited, marketplace. In light of current and historical events related to the transportation…

Classical sociologists such as, Adam Smith, Karl Marx, Friedrich Engels, and Max Weber describe economic interests as one of the motivations for social action. Adam Smith argues that economic interest is the only purpose for social action and through this societies prosper. Marx and Engels on the other hand believe that social action driven by economic interest is imposed onto society by institutions. Finally, Weber argues that history’s contingent development has caused an era where economic…

Adam Smith theorized about the birth of the division of labor. His observation and explanation made it much more possible to identify how societies naturally move towards capitalism and the implications it has on societies. Jean Jacques Rousseau also theorized at great length about the progression of mankind and the motivation that led to the creation of government. Rousseau and Smith shared similar beliefs about how societies were formed and how the division of labor came to be. However, they…