Classics of Moral and Political Theory (5th Edition)

The 5th variation of Michael L. Morgan's Classics of ethical and Political concept broadens the scope and raises the flexibility of this landmark anthology through supplying new choices from Aristotle's Politics, Aquinas' Disputed questions about advantage and Treatise on legislation, in addition to everything of Locke's Letter touching on Toleration, Kant's To Perpetual Peace, and Nietzsche's at the virtue and drawback of historical past for all times.

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Book Details
Hardcover: 496 pages (492 - this pdf)
Publisher: collage of Missouri; 1 version (December 6, 2004)
Language: English
ISBN-10: 0826215459
ISBN-13: 978-0826215451
Product Dimensions: 6 x 1. 6 x nine inches

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Additional resources for Classics of Moral and Political Theory (5th Edition)

Example text

A. B. and C. are satisfied for that Profit to take the Trouble and Hazard of exporting them, but Money being scarce they cannot get any to borrow, tho their Security be good; Nor cannot well have Credit for the Goods from so many different People they are Strangers to. If they could have Credit for them, yet these Country People must be idle till A. B. and C. pay them out of their Returns from Abroad. So for the want of Money to Exchange by, Goods fall in value, and manufacture decays. (Law 1705, 116) The British Linen Company cured those problems.

A satirical account of the drowning of speculators succumbing to circulation is found in a frequently reprinted poem— ‘‘The Bubble’’ or ‘‘Upon the South Sea Project’’ (1720)—by Jonathan Swift, one of Hume’s favorite authors: There is a gulf where thousands fell, Here all the bold adventurers came, A narrow sound though deep as hell, ‘Change Alley’ is the dreadful name. Subscribers here by thousands float, And jostle one another down Each paddling in his leaky boat, And here they fish for gold and drown.

Hume wanted freer trade and markets operating without interference, but suspected that such policies would not work in the linen trade. Further, he believed that during famines food must be provided for those with no money, or else intolerable violence would result. The rebellion of 1745 also made apparent the need for some government interventions in the economy to realize political ends. Throughout his career, Hume, like Paterson and Law, thought that government was essential to well-run economies.

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