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Concepts of exchange

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Ref Adam Smith Wealth of Nations. first 3 chapters. How can I make SMITH'S concepts of exchange, self interest and divided labour apply to my college education?

"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest." Could we apply this idea to the context of your education at the College, and are the incentives involved effective?

Reference no: EM132110688

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