The Government and Economy Term Paper Example | Topics and Well Written Essays - 1750 words

The Government and Economy - Term Paper Example In the event a person was to come across the document for first time – having a wealth of sociology, they would immediately classify the document as being one of the many inquiries that have been made with regards to a certain special field in sociology. There are a number of attributes about the author that stand out with regards to this definition. From a sociological point of view, a reader may be tempted to think that the author had a well or improved view of modern Sombart has made or placed forth a very strong statement with regards to the fact that the entire era of modern capitalism and all the aspects related to this differs from earlier industrial epochs. This is mainly with regards to something far deeper than the mere methods of conducting business and other activities. He has gone forward to point out and present details that prove the dominant motive or main cause for doing business has undergone changes. The controlling purpose and main cause of modern business has become to increase the various volumes and also to enlarge the power of capital. In this case, capital is being enlarged for its own sake, and also for the sake of the social power it confers. This has been established as the main standard or purpose of modern business and economic lives (Congress). ... It is important to note that the basic portions set forth were clearly and positively based and founded on various human principles as opposed to the implicit capitalistic principles. It is important to note that Wealth of Nations was never authored or engineered with capital assumptions in mind. The occurrences or activity were as a result of the various services related to capital and those that are directly associated with capital. These formed the basis of the books which was to assess the goals of economics in part. Contrary to this attribute about the authoring of the book, the author had also assumed that the various economic activities and occurrences in their entirety were, as a matter or principle of course, a means or way of putting people in possession or giving out power with respect to the various means of life. Additionally, to state or put across the same fact or truth in a little different way, Smith went ahead and assumed that the entire value and concepts contained therein are attached to varying economic activities was a matter that was to be decided and settled by their effects on consumption (Jewell, 1982). That is to mean, instead of attributing the production of wealth in the forefront, as being the most important measure with regards to economic processes, the author evidently, at least through his fundamental theory, regarded or attributed the production of wealth as a minute or mere incidence to the consumption and utilization of wealth. The author’s whole moral philosophy was that the ultimate or vital evaluator of all creation and utilization; that is, the individual process, as it was assessed, analyzed and synthesized on the grounds of moral philosophy, was reviewed to be the tribunal of, or associated to the last