business week 2
business week 2
Terms
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- What did he believe the role of a philosopher to be? How does that relate to this course?
- Is to question and stimulate just as we do in this course.
- What relationship does Aristotle draw between "human excellence" and "excellence of property?"
- Human excellence=natural=internal=Thereau excellence of property=unnatural=external=Faust
- What is usury and what did he feel about that?
- Usury is bad interest, excessive. He is against it.
- Two worlds
- natural, Unnatural
- Socratic Method
- Question postitions to lead to contradictions to show inconsistencies.
- What did Thoreau consider the basics or necessaries of life: What are the differences between needs and wants?
- Food, shelter, clothing, fuel. Needs are basics to get by to live. Wants are extras that distract and corrupt.
- What was the process Plato described for the development of an Economy? What is the fundamental key to that process?
- Everyone needs to specialize in something.
- Power equals?
- Injustice.
- Thoreau
- Simplicity-individualism-self improvement. Need of material goods; riches;and ingeritance. Slow down to allow time for intellectual and spiritual development. Question thinking; don't follow blindly; seek the truth. Act on your dreams; entrepreneurial vision.
- Art of Making Money
- Unnatural
- How does coin fit into both types of the are of acquisition?
- Value=coin=art of making money.
- What is Thoreau's final lesson to all of us?
- Always do your goals and dreams and you will succeed.
- Gold ring on body-significance?
- Wealth brings nothing after death
- Want more than can provide?
- Leads to war.
- Two Greeds
- Alive, Rich
- How does Aristotle differentiate between the art of household management and the art of making money?
- AHM-natural, limit, nature. AMM-unnatural, no-limit, art and experience.
- Story of the Indian?
- Indian made baskets and thought that if he made them that people would buy them. No one bought them.
- Condition ring creates?
- Man made sign of wealth.
- Are there differences, according to Plato, between producers and resellers(retailers)? If so what are they?
- Producers-big, uneducated. Retailers-small, educated.
- Plato
- Food, shelter, clothing. No one is completely self-sufficient; interdependence. Each should have a specific skill; congregate to share to solve basic needs. Infatuation with wants over needs. Once have abundance, move to production for wants.
- What is the the relationship between the Gyges story and the second part of Plato's dialogue on the origins to that process?
- Everyone is looking out for self interest, when they should be working together.
- Are there any similarities between Aristotle's thinking and Thoreau's? If so, what are they?
- Must grow inner self. Question and think about everything.
- Significance of horse figure with naked body inside?
- Trojan horse-tried to be seen. No truth inside.
- Dialectic
- truth needs to be approached by questioning, exposure to contrary ideas, and modifying one's position(common method by attorneys in cross-examination).
- Requirements for running a business?
- Land, capital, labor.
- Interpret the quote "Most men lead lives of quiet desperation."
- A lot of things are unnecessary that we do.
- How does Aristotle distinguish between proper and improper use of manufactured goods?
- Proper-for good of mankind. Improper-not good.
- What insights into the human spirit does the story about Gyges provide
- Self interest, power and injustice
- Why did mone and merchants develop in this economy?
- B/c they didn't want to waste the time of the producers.
- What lessons do we learn from the strolling Indian's experience? How do the lessons relate to production and consumption?
- Need to look at over market. Produce what people want.
- Polis?
- City-State
- Thales
- Teased for poverty; parable of olive-press; monopoly/scarcity.
- What were Thoreau's motives for living apart from society?
- Build own business, simplicity! Simplicity! Simplicity!
- what relationship does Plato see between the creation and satisfaction of wants and war? Is this war inevitable?
- War is inevitable, wants=more land to provide, wants=war.
- Basic needs?
- Food, shelter, clothing, fuel-rest is spiritual.
- Aristotle
- Student of Plato; teacher of Alexander the Great; Knowledge is derived from experience and experiment. Observation; evidence; inductive reasoning(become a better person through experiment and experience).The art of making money is immoral.
- What were Plato's beliefs about what modern economists know as "division of labor"?
- Everyone specialize.
- Art of Household Management
- Natural
- Why and how did wants evolve from needs?
- Natural man to always want bigger and better leads to bigger and better wants.
- Thomas Aquinas
- was a beneficiary of Aristotle's thinking and writing.