Please answer your assigned question as thoroughly as you can. A good SW will almost never be shorter than half a page and they will usually be about a page long. No heading other than the number of the question that you’re answering is necessary or useful. You need not and should not paste the question onto the page. These are supposed to be thoughtful responses to course material, not final term papers. They should be clear and not ornamented with English-paper nonsense. Just come to the point and stick to it.
According to Adam Smith, does the profit motive usually motivate us to do things that are conducive to the greatest happiness of the greatest number, or to do things that are destructive of the greatest happiness of the greatest number? Whichever it does, how does it do it?
Franklin says that time is money, and also that, through interest, money “begets” money — money can be multiplied. If time is money, and money can be multiplied, then time can be multiplied. How? (The answer is not that a person can work longer hours. Think about what interest is and how it can exist.)
ibn Khaldun says that gold and silver are “exempt from market fluctuations”. Bearing in mind that he is thinking of gold and silver as money, what is the truth in what he’s saying? (You have to start by thinking about what a “market fluctuation” is.)
Compare Smith and Mandeville about how people acting according to the profit motive benefit their entire society. Smith is not concerned with being richer than anyone, but Mandeville is. Smith is not concerned with what you do with your money once you get it; Mandeville very much is.
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