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BCOR 2302 Quiz 2 Questions and Correct Answers 2024/2025 | Graded A+
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BCOR 2302 Quiz 2 Questions and Correct Answers 2024/2025 | Graded A+
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BCOR 2302 Quiz 21. What makes markets moral spaces?
Markets can be moral if the satisfaction of human desire is a moral question, it would seem that
the answer is yes
What purposes do markets serve?
markets are the context for exchanging the products of capital
capital: satisfying human desire
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What moral rules apply to marketplace conduct?
....
What is capitalism?
The social institution in which private capital (money, property, investments) is organized in an
ad hoc (necessary, needed) fashion by the exchange relationships between commodity seeking
customers and capital seeking producers, all of whom are seeking to satisfy their desires
What is the key question capitalism asks?
How can we produce most efficiently the stuff that people want?
, What is the General Economy?
what we see when we zoom out on the economy and see the full material context
-not about managing scarcity to fulfill human desires no individual competing
-expending surplus energy (wealth, spiritual energy, ect)
How does the General Economy challenge capitalism's traditional starting point in scarcity?
the general economy is about the surplus we accumulate over a life time and expending it
instead of producing more
bataille argues that economist give a false picture of the economy because they treat individual
economist actions and the economy as a whole as if could be
isolated from its larger context
-often times we pick out our small piece of the world and we think thats what the world looks like
but in batallie view were one big eco system and we cant separate our worlds.
What is the key question that the General Economy poses (in contrast with capitalism's key
question)?
What is the best way of expending the inevitable excess produced by economic life?
What are some ways in which human beings spend their economic excess?
-war is one way to spend excess
-through sacrifice by expending our extra energy about making change
-make choices about reestablishing (charities, festivals, efforts to better community)
What does sacrifice in the General Economy mean?
sacrificing is using extra human energy to a cause to make change
adam smith main theory
maintains that market participants, in pursuit of their self interest, are guided by an invisible
hand and thus unknowingly benefits society
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