1)
This lecture well describe and explain the risings of economy as well as the common beliefs, theories and traditions since hundred of years ago. It was interesting learning how the mind of man as the way he thinks or views the world evolves and changes through out history. How difference was the world perception before than it is today. The absence and the prove of how economists were not need before its very interesting was well as very counter-intuitive. Since I thought that economists were needed since long time ago. This lecture shows us and demonstrates it and a very funny way stating that if Adam Smith was an economists he was going to be a very bad one or in fact he wouldn't have anything to do (unemployed maybe).
Now I cannot ignore the fact that the concept "gain" section is a very interesting and counter-intuitive as well as the one we previously talk about. The concept of gain, something that for anybody living the in the 21st century is a normal value or principle thought in our youth. Being always better, trying to improve whatever you do in order to accomplished better things is as common as the golden rule in any school you go now. It is funny but U of R motto is "Meliora" which means Ever Better. So this term will be expected, because of its commonness, that it has been around societies for centuries. Now I read this and realize this is a fresh and new concept in our society. How before being better would imply having more time spent so it wont we something desirable. Societies like the Greeks and the Romans lack of this belief. Furthermore, how before people didn't actually get to choose their job or profession was a intuitive factor of the reading. How societies like the Egyptians used the authoritarian in order to accomplish great things. How people were or forced or brought to a tradition of what to do rather than in today's society where most of the people do what they are best at in order to have an effective society.
2)
What kind of impact will Adam Smith have in society if he had lived in the 21st century? Since he did a historical one when he lived.
How would our society be if we still have the same concept of "gain" as early societies had? It worked greatly too societies before for instance the great things Egyptians and the Romans accomplished without the gain concept we have now in the 21st century.
Has the idea and belief of self improvement and gaining with our own efforts made our society a lot more ambitious and selfish than the early ones? Has the ambitious been the reason to the fast progress, development we see everyday in society?
Through history we have seen a lot of different revolutions and periods in where drastic growths and changes initiate because of different ideas and visionaries that transform society. Wouldn't that mean that probably in the 21st century another economic revolution or new perception of economics or the economic world could start and mark history again? Could that be us....
3)
I think that this lecture is very important since in my opinion if you want to understand the present you should understand the past first. The Industrial Revolution marked the imitation of an ambitious, growing and visionary society. This lecture explain us how beliefs and ideas where changing and evolving throughout time and how they worked or didn't function. So my having this understanding and view of how societies implements many beliefs you could have a more analytic and critical view of economical and ideas in this century. The beginning of markets and more...
