Write a 500-word essay response to the article: \"Adam Smith\'s Bourgeois Virtue

Question

Write a 500-word essay response to the article: "Adam Smith's Bourgeois Virtues in Competition" by Wells and Graafland. The article is posted in the Course Materials section on Blackboard. Your essay should not be merely a summary of the article. Rather, write a compelling, incisive, original, and thoughtful essay in which you critically evaluate the main idea developed in this article. Your essay should reveal that you read the article carefully and that you thought intensely about the subject.

Explanation / Answer

Regardless of whether capitalism is good with morals is a long standing debate. We adopt up a strategy to virtue ethics enlivened by Adam Smith and consider how market competition impacts the virtues most connected with current business society. To a limited degree, competition nurtures and supports such ethics as reasonability, restraint, consideration, enterprising nature and trustworthiness. In any case, there are likewise different systems by which competition can have deleterious effects on the foundations and motivating forces essential for managing even these most industrially benevolent of virtues. It is often supposed that if competitive markets are good, more competition must always be better. Notwithstanding, over the long run competition improving arrangements that disregard the sustaining and support of the bourgeois virtues may undermine the continued prospering of present day business society.

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