Business Ethics Assignment | Online Homework Help

Please answer the first question (about Locke), and then choose one of the remaining two questions (about Smith) and answer it.  Just to be clear: that’s TWO questions total.  As usual, your *total* answer should be around a page or so double spaced.

1.  Briefly explain what, according to Locke, makes something your own (private) property, as opposed to something that everyone has an equal right to use or consume.  Provide an example if you can.

Pg 475, John Locke, Excerpts from The Second Treatise of Human Government

[Reminder: choose ONE of the following – you are free to answer both for the purposes of better understanding, but it’s not required and will not count extra.]

2.  Briefly explain the significance of Smith’s discussion of the “pin-maker” (pp. 635-6) – what point is this example meant to illustrate?

3.  What does Smith mean in saying “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” (640)?

Pg 483, Adam Smith, Excerpts from An Inquiry into the Nature and Causes of the Wealth of Nations