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Economics is paramount to human life. The sector touches on significant areas that affect the daily lives of individuals including production, consumption, and the eventual distribution of both products and services. This paper will discuss usury law, how Quesnay modeled economy, the division of labor, the system of natural liberty, and the founders of economics. Usury laws Usury laws are laws that restrict credit cards, banks, and financial services institutions from charging amount in interest. Every nation has its law that determines the maximum amount to be charged on loan. Aquinas was against the idea of lending money and getting it back with interest. His view was that this was an act of greediness and exploitation of the individual who is in need of money. Adam Smith supported usury law. He gave the reason that high-interest rate had an argumentative selection effect on credit quality (Makdisi and Marianne 69). He quoted that, “the big section of capital to be lent, would be given to projectors and prodigals, the only ones that would be ready pay the high rate.” Quesnay model In his model of the economy, Quesnay gave three economic movers. One is the sterile group made up of merchants and artisans, the productive group that consists of agriculturalists and propriety group that is made of landowners (Barna 317). The physiocrats who were led by Quesnay believed that the wealth of countries was gained greatly from the value of agriculture. Division of labor By postulating that the division of labor is influences by the size of the market, Adam Smith meant that when the market is tiny, an individual cannot have the encouragement of dedicating himself or herself to one employment due to limited exchange. Exchange is what can make an individual specialize in one service and have availability of other goods and services from other men’s labor (Stigler 187). Besides, where there is a limited market, one cannot produce what is over and above his consumption. Since Adams’ time, there has been a wide market and thus division of labor. Tasks have been divided into different stages of production. Different persons are responsible for every stage. This has led to the multiplication of output yielded in a day’s labor (Stigler 187). The claim by Adam regarding the division of labor is correct because when there is a big market, many services will be required, and they will be available and thus the need for specialization. Adam Smith and natural liberty Adam Smith was a proponent of laissez-faire and the system of natural liberty. Adam Smith believed in freedom of thought and opinion, what led to the search of the mode of political and economic thinking in people. Adam Smith stands for opposing views of an economy that is controlled and advocates for a free economy. One indicator of him contributing to natural liberty is him assuming that there should be freedom of will (Viner 224). Secondly, Smith stated that material commodities start production and value. This laid down the ground for individuals with materials to act freely and use them for economic gain. Economic authors Karl Marx was an economist and political scientist. He looked at capitalism in a revolutionary way. He saw struggle, instability, and decline in financial sector. His views are relevant to date since the economy of different countries is characterized by the three things he mentioned. The author believed that when capitalist has acquired and put in place ways of production, the value of the output is created by the labor that will be used in production (Marx 333). The statement is true since when all the resources are provided, but the workmanship is poor, the output will be poor. John Maynard Keynes is another essential economist who also looked at capitalism. He gave a view on the role of government in capitalist. (Keynes 170). He pointed out that when a country is suffering from depression in the economy, the government should spend to put money to private sectors and attain demand for goods and services. By doing this, money will circulate more in a nation and economic stability will be accomplished. This is used today to improve the economy of countries.