The Individual Liberty of America
analytical Essay
759 words
Individual liberty has been sought after by many throughout the history of the world. But, there is only one country which has been established by its own Declaration of Independence (think freedom) – and that is America. Our rich history of individual liberty and freedoms goes back more than 200 years; and along with the personal rights of the Declaration we should have freedom from government interference. Our right to own property, operate businesses and benefit from their success or failure is the heart of a capitalistic free market. History shows government interference has not contributed to the success of a market, only its downfall. In our earlier readings, we learned William Bradford, as a colonial governor in 1620, initially thought all working together would achieve the output needed to keep the colony in relative good food and housing supply to withstand the harsh winter. But he had to change the colony from communal to individual ownership of property. Since each man was going to reap individual benefits from their hard work – productivity increased and the colony endured. According to Adam Smith, the Founding Father of Economics, “Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command” Page 585. This is a direct expression of our individual liberty to “pursue happiness”. Smith, in his study of successful nations and their commerce, created many terms used in economics today. One of his most famous the “invisible hand” illustrates, “By pursuing his own interest he frequently promotes that of society more effectually than when he really intends to promote it” (American Vision and Values, Page 204). An excellent example of natur... ... middle of paper ... ... of success when the government intervenes. A free market, without intervention, would have eliminated the companies who needed a “bailout” and they would have suffered as a direct result of their choices. It seems irresponsible for the government to have invested so heavily into the financial institutions and companies with our money. Had they failed, the need for the products and services would not necessarily evaporate with their company – another would rise and take their place (had they been given the opportunity). Many companies have repaid the government investment, but have not contributed beyond that to the financial stabilization so desperately needed. Specifically, financial institutions which now have money to lend have not done so; but continue to contribute to the economic fear across the nation by not lending to consumers and businesses.
In this essay, the author
- Opines that america's rich history of individual liberty and freedoms goes back more than 200 years; along with the personal rights of the declaration, we should have freedom from government interference.
- Opines that our right to own property, operate businesses and benefit from their success or failure is the heart of a capitalistic free market.
- Analyzes smith's study of successful nations and their commerce, and explains how the "invisible hand" illustrates free market capitalism.
- Opines that america's rich history of individual liberty and freedoms goes back more than 200 years; along with the personal rights of the declaration, we should have freedom from government interference.
- Opines that our right to own property, operate businesses and benefit from their success or failure is the heart of a capitalistic free market.
- Analyzes smith's study of successful nations and their commerce, and explains how the "invisible hand" illustrates free market capitalism.
- Analyzes how tocqueville's book democracy in america focuses on equality, which he believes will not be achieved. the free market rewards each person based on their individual talent, hard work, and market success.
- Explains that marx and engels write in the communist manifesto, their intentions to do away with private property and thus free the laborers from their working class existence.
- Analyzes how gunnar myrdal suggests governmental planning and analysis before intervention of policies. he writes of short- and long-term forecasts and to modify its policies for commerce, finance, development, and social reform
- Analyzes how howard buffett describes the "political power over economic affairs" linked to the 1913 income tax law. the "sharp step-up in the centralization of power" continued the government's intervention into the marketplace.
- Analyzes how the american people sought economic freedoms and rewards without regard for their economic ability to sustain these rewards. a free market would have eliminated the companies who needed a "bailout."
- Explains that many companies have repaid the government investment, but have not contributed beyond that to the financial stabilization so desperately needed.
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- Analyzes how america, too young and too-new, insists on seeing the world in terms of good and bad, holy and evil, white and black. it hugs the easy way of damning those who cannot understand, and salves its conscience with a self-draped throat of righteousness.
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- Explains that the sovereign has only three duties to attend to: first, the duty of protecting the society from violence and invasion of other independent societies, second, and third, erecting and maintaining certain public works and public institutions.
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- Analyzes smith's argument that the greatest improvement to the economy is labor can be divided among those who are skilled in that business.
- Explains that the division of labor can be added in any important industry, not just a trivial one. when an industry decides to divide increases the productive powers of the firm.
- Analyzes smith's argument that capital is the most important asset that an industry can give no matter how much it is regulated. merchants want to bring capital into their own home market because it will help domestic industries while also bringing in foreign goods.
- Analyzes how smith explains how businesses and governments try to keep the domestic market supreme.
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- Explains that division of labor increases productivity due to workers dexterity, time-saving, machines and capital investments.
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- Explains that adam smith was one of the most inspirational economists back in the 18th century and now.
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- Explains that adam smith was one of the most inspirational economists back in the 18th century and now.
- Explains that adam smith created the most influential works of economics, philosophy, and beyond. his most famous point was the reasoning on free trade and capitalism in the economy.
- Explains that adam smith's "the theory of moral sentiments" was intended to show the platform of lessons and ethics for the reader and all societies. "an inquiry into the nature and causes of the wealth of nations" showcases the motive of economic success in a country.
- Analyzes how adam smith's life story has influenced his books and texts. he worked hard in his education to achieve his direct, persuading, and ideal books.
- Opines that adam smith's writings lack biblical importance, concepts, and lessons, but they give clear insight on how our economic system works.
695 wordsRead More - Adam Smith Capitalism Analysisanalytical essayAccording to Adam Smith, it was useless to expect the individual’s goodwill and help because, for moral and humanity reasons, they will be never received, only if the action will meet their personal interest and gain they will offer the collaboration. He also held that individuals acting in their own self-interest would naturally seek out economic activities that provided the greatest financial rewards. Smith was convinced that this self-interest would in turn maximize the economic well-being of society as a whole. Moreover, Smith also argued that capital for the production and distribution of wealth could work most effectively in the absence of government interference. Such a laissez-faire, in his opinion, encourage the most efficient operation of private and commercial enterprises. He was not against government involvement in public projects too large for private investment, but rather objected to its meddling in the market mechanism. Furthermore, in the Wealth of Nation, he sets forth a puzzle that he hoped to solve, “the savage nations of hunters and fishers, everyone works and almost everyone acquires the essentials of human sustenance, but they tend to be poor that they are reduced, on occasion, to killing babies and abandoning the elderly and the infirm. Among prosperous nation, by contrast, many people do not work at all and many more live lives of great rich. His book was an effort
In this essay, the author
- Argues that capitalism is the only moral social system that respects the freedom of the producers to think and the right of individuals to set their own goals and pursue their happiness.
- Explains that the morality of capitalism is a guide to behavior that is put forward by society, by group, or by person. the normative sense refers to code of conduct that applies to all who can understand it.
- Argues that capitalism's history is marked by the industrial revolution, which created population effects in productivity increases, health improvement, and rising of organized labor.
- Argues that capitalism is the only moral social system that respects the freedom of the producers to think and the right of individuals to set their own goals and pursue their happiness.
- Explains that the morality of capitalism is a guide to behavior that is put forward by society, by group, or by person. the normative sense refers to code of conduct that applies to all who can understand it.
- Argues that capitalism's history is marked by the industrial revolution, which created population effects in productivity increases, health improvement, and rising of organized labor.
- Argues that adam smith's book, wealth of nation, was an effort to explain why the system of natural liberty would produce both prosperity and inequality.
- Analyzes how adam smith's book explains that capitalism is insufficiently moral. he admits that individual selfishness is not the only basis for ethical decision.
- Analyzes how john kenneth galbraith agrees with adam smith on the role of government in the economy.
- Argues that galbraith's theory of consumer demand shows that there will be an under allocation of resources to public goods.
- Opines that government must control the planning sector of the economy from members who intend to influence and control it, ensuring that it serves the public purpose.
1931 wordsRead More - Bailing Out the Economy and Its Playersopinion essayCorporate bailouts, decided and given by the U.S. Federal Government, use taxpayer money, an issue therefore involving the people, to cover the mistakes of a corporation proposes a possible resurgence or a further mistake. On one side, mistakes may help in a way like trial and error, helping prevent future mistakes which led to the decline. Meanwhile, the bailout doesn’t mend the errors and may simply throw money to a never-ending hole. Major companies are in ties with the business world; any action to provide bailouts may save a potential future crisis or incite one by sending an ill-fated thought. Returning back to the very beginning, not only is the economy affected, but the government as either laissez-faire will result in being scrutinized or promoted.
In this essay, the author
- Explains that the long-standing principle of laissez-faire was introduced in the 17th century in france, and a new socioeconomic view was born.
- Explains that the government lends money to a filing company, and if it succeeds, it may prosper and grow from its previous state. the most recent bailout occurred in 2009, infamously known as the big 3 auto bailout.
- Opines that corporate bailouts don't fix the flaws of a company or have the absolute authority to change the standing policies.
- Explains that the long-standing principle of laissez-faire was introduced in the 17th century in france, and a new socioeconomic view was born.
- Explains that the government lends money to a filing company, and if it succeeds, it may prosper and grow from its previous state. the most recent bailout occurred in 2009, infamously known as the big 3 auto bailout.
- Opines that corporate bailouts don't fix the flaws of a company or have the absolute authority to change the standing policies.
- Opines that corporate bailouts influence the national economy, for the better or the worse. when companies declare bankruptcy, it is necessary to save them from bring down others with them.
- Argues that bailouts may bring the introduction of a new mindset, which could be adopted by major corporations.
- Explains that corporate bailouts use taxpayer money, an issue therefore involving the people, to cover the mistakes of a corporation.
812 wordsRead More - The Humanistic Tradition By Gloria Fiero's Chapter Summaryanalytical essayIn the Humanistic Tradition the author, Gloria Fiero introduces Adam smith as a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment. Smith also known as the Father of Political economy, is best known for one of his two classic works An Inquiry into the nature and causes of the Wealth of Nations. Fiero looks at Smith’s work because the division of labor is important. One thing Smith thinks is even more important for creating a wealthy nation, is to interact and have open trade with different countries. Fiero states,“It is necessary, though very slow and gradual, consequence of a certain propensity in human nature which has in view no such extensive utility; the propensity to truck, barter,
In this essay, the author
- Analyzes how gloria fiero introduces adam smith as a scottish moral philosopher, pioneer of political economy, and key figure in the scottish enlightenment.
- Opines that trading is the key to modern wealth. to create a wealthy nation people must have open trade with other countries.
- Explains that capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
- Analyzes how gloria fiero introduces adam smith as a scottish moral philosopher, pioneer of political economy, and key figure in the scottish enlightenment.
- Opines that trading is the key to modern wealth. to create a wealthy nation people must have open trade with other countries.
- Explains that capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
- Analyzes how adam smith's wealth of nation review, written by donald white, focuses on labor and trade.
- Explains that smith doesn't think that free trade is a problem, stating that countries can trade with each other when they do not have the resources or capacity to satisfy their own needs and wants.
- Explains how smith makes it ideal for countries to interact and trade. trade means you get more direct workers into jobs in which they have a comparative advantage.
727 wordsRead More - The Great Concept Of American Freedomexplanatory essayPerhaps the most exclusive aspect of American freedom is stated directly in the Declaration of Independence. It states, "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness" (Jefferson). This well-known statement truly incorporates all facets of what it means to be free in America. The citizens of this country have the right to live. They have the right to be free of restriction and control, to do what they please. And they have the right to be happy in whatever way that might be. These rights are...
In this essay, the author
- Explains that america was a place for anyone to live their life the way that they wanted, but back then this concept came from the freedoms obtained by living here.
- Explains that the declaration of independence states that all men are created equal and endowed with certain unalienable rights, such as life, liberty, and the pursuit of happiness.
- Explains that the american citizens of the early 1800's considered freedom as a privilege. many of these people were direct descendents of immigrants and held their freedoms and rights in high esteem.
- Explains that america was a place for anyone to live their life the way that they wanted, but back then this concept came from the freedoms obtained by living here.
- Explains that the declaration of independence states that all men are created equal and endowed with certain unalienable rights, such as life, liberty, and the pursuit of happiness.
- Explains that the american citizens of the early 1800's considered freedom as a privilege. many of these people were direct descendents of immigrants and held their freedoms and rights in high esteem.
- Explains how andrew carnegie came to america with nothing but a dream to become rich. carnegie and others like him were the founders of the american dream.
- Explains that the country accepted everyone, no matter what race or country. it was a simple fact that anyone could move to america and flourish in whatever they wanted.
- Explains that america was a country founded on the concepts of christianity and this played an important role in how the citizens conducted themselves and took advantage of freedom offered to them.
- Explains that the constitution of the united states of america is a disclaimer that specifies the exact rights that people are entitled to. the constitution was based on the fact that it could be changed.
- Explains that america was perfect for people because it played directly into human nature. the idea that anyone could come to america and make of themselves whatever they wanted was an astronomical idea.
- Explains that anarchy is the freedom to do whatever a person wants. there are no restrictions on anything, and people could live their lives exactly how they wanted.
- Explains that american freedom has always been different from the freedoms of other countries. the constitution allows for endless opportunity in changing times, yet preserves the most delicate of all rights.
1409 wordsRead More