Monday, January 28, 2008

Economics Blog #1 - Wealth of Nations

Please answer the following questions thoughtfully (at least 4-5 sentences for questions 3 & 4) by Wednesday 1/30/08 11:59pm!

1.What are the words you do not understand? Make a list. Don’t worry about definitions.
2.What do you anticipate to be the most difficult about this reading?
3.According to Adam Smith, what is the importance of “labour” to a nation?
4.According to Adam Smith what is the difference between “savage nations” and “civilized and thriving nations?”

54 comments:

Anonymous said...

John Carreon
Block Lambda

1) Soil Climate
Abundance
Scantiness
Latter
Endeavors
Tolerably

2) I think the most difficult is the way it is written, I cant really get a good understanding of it because the words seem to be very all over the place, I could be just me and looking at all the words and confusing my self but it sounds like a very boring and something that can or should be put in easier words.

3) The labor is an important factor in applying the price in something. If there is a lot a labor and the nation would have to pay for the labor then the price of the object would go up also if there is hardly any labor then it can be sold at a cheaper price.

4) In a savage nation the person would just work for what he needs for him self and their family, such as, hunting for food and shelter. But in a civilized nation people want more then the necessities they want that big screen tv or that new ipod or computer. And with that mind set of thinking you need this when you really don’t is depriving your self in wealth and you think of your self as not making that much because the fact you cant afford the things people “want”.

Anonymous said...

Lambda Block

1. Scantiness- lacking
Latter- last
Infirm- weak
Dexterity- mental or physical skill
Frugal- little cost/ expense or requiring few resources

2. What I anticipate to be the hardest part in this reading is the language. The author writes in a confusing way, which at times is hard to understand and the order he says things don’t make a lot of sense. That’s going to be my biggest challenge. The words I don’t aren’t very hard to understand because it’s pretty easy to figure out what they mean using the text around it.

3. According to Adam Smith, labor is important to a nation because from the labor that is done by the people in the nation comes the produce that are necessary for the nation to survive. He is basically saying that the labors make what the needs to survive. And he also says that when the nation does have everything they need, they what they make with other nations to get what they need. Overall he is just saying that without the laborers the nation wouldn’t be able to survive because they wouldn’t have the “produce” that they need to do so.

4. According to Adam Smith the difference between “civilized” and “savage nations” is that in a civilized nation only a few people in a nation need to work for everyone to be able to survive. He says that even if only the lower class people work, the upper class can still survive and that the lower class can also survive because they an abundant amount of produce which can feed everyone and where there is still extra. Where “savage nations” can survive if everyone doesn’t work and they sure can’t live off of what the poorest laborer make in that savage nation. He says that in savage nations if everyone doesn’t work they can’t survive. Where in “civilized nations” a laborer can support him/her and on top of that his family, it is impossible for a person in a “savage nation” to do the same because they have a scantiness or lack in produce.

수셀 said...

Sheryl Soo
Mu

1. abundance, scantiness

2. The most difficult part about reading this reading was dealing with the repetitive words such as "employed" and "labour" in one sentence. The repetition of the same words make me lose my place and I would also lose the meaning of the text. It feels like the sentences are very long and repetitive, making it confusing when it's really not. It was hard for me to follow as I read.

3. According to Adam Smith, without labour, our nation would have an imbalance where there wouldn't be enough workers to produce enough of the necessities the people in the nation need to survive. Therefore people would starve, die, and lack in supply. He talks about the regulation that is necessary to keep the nation in supply, which deals with "skill, dexterity, and judgment" as well as the "proportion between the number of those who are employed in useful labour, and that of those who are not so employed." Without this regulation, the nation will not be able to supply enough to survive.

4. Savage nations are those that have capable people work, and those who are not as capable for the labor, don't work. Therefore the workers are the only ones producing, also known as "hunting and fishing", while the other people are depending on the supply that the workers can get. If there isn't enough, then people would starve. But a civilized and thriving nation is the opposite, where there isn't a lot of producers, but the produce is able to supply a greater amount of people. This makes it so that everyone profits from the work, both those who do work and those who don't need to work can survive.

Anonymous said...

Stephan Heuer
Iota

1. annually
dexterity
abundance
lingering
frugal
scantiness
dexterity

2. The most difficult part I anticipated was the way the information was written and pressed into the text.

3. Labor is important for a nation because the labor in that nation will make sure that the people will produce what they need. but imports are also a possible way to get what the nation needs.

4. In a savage nation a person would only work for himself. He would just care about his importance. Pretty much all they need is enough food and shelter. In a civilized nation people want to gain more products that make life easier.

Anonymous said...

Hanora Bauer

1.dexterity
scantiness
abundance

2. I think the most difficult thing about this reading will be trying to really understand what its saying. Trying to analyze what it means will also be hard for me since just skimming through I see some words I dont know.

3. The importance of labour to a nation is the fund which originally supplies it with necessesities and convenience of life which it consumes. It consisit of the produce and or in what is produced from other nations.

4. The difference between savage nations and civilized and thriving nations is savage nations everyone who is able to work is employed in labour and will provide for himself and his family. While Civilized and thriving nations do not have laubor at all and the land has to handle themselves while savaging.

Anonymous said...

Yvette
Iota

1. Scantiness, Infirm
2. Like most government/economics readings, it probably will be more formally written, or written in a way I am not used to. The words usually are not my biggest problem, it’s the way the author structures sentences, making them so long that by the time I’m done reading it, I’ve forgotten what the beginning was about.
3. According to Adam Smith, “labour” supplies a nation with all that it needs and consumes. Whether this “labour” results with products that directly provide or with products that are tradable, “labour” is the main fuel for a nation’s economy. However, an important part of this “labour” is the balance between the number of employed (those who directly work and contribute to the national economy) and unemployed (those who can or are not able to work). The “annual supply” of what this nation needs/consumes is fully dependant on these two influences.
4. Adam Smith says that “savage nations” only utilize “labour” for what is necessary and, at times, what is necessary is not enough. Only a small percentage of their tribe works, the healthy, able men. There is an imbalance, forcing them to “abandon infants or old people” to survive. In “civilized thriving nations”, the work force is a larger percentage of the population that the unemployed. There are non-working consumers but the “whole labour of the whole society is so great that all are often abundantly supplied”.

Anonymous said...

Angelica- Mu Block
1.
Dexterity
Scantiness
Endeavors
Torelably

2.I think that the reading was kind of hard to understand for me because it used a lot of words that i knew but don't have a good definition of. In general the words makes it confusing, and the structure. Also i don't have knowledge in this topic so its hard to relate and figure the point and what they are talking about.

3.According to Adam Smith labor is important because its necessary to provide people with what they need to have and conveniences of life.

4.According to Adam Smith the difference between "savage labor" and "civilized and thriving
nations" is that savage labor is a circumstance where its really hard to get what they need so they just decide to work for them selfs and not for their families. The civilized and thriving nations, even though not all work but those who work have bring enough to the necessities of life for them and others who don't work.

Anonymous said...

Jessica Wells
Mu!

1.) Scantiness?
2.) I anticipate that difficulty will arise from the way the information and central ideas of this excerpt are explained in the text. It seems rather dense from the first few paragraphs we had to read, but the message gets to you after a second glance or so.
3.) & 4.) The importance of labor to a nation is that not only are the people employed and the companies that employ them the building blocks of a nations economy, but it also defines the priorities and values a nation has. Life in a 'tribal' setting isn't necessarily worse for the individual (if that individual happens to be a svelte 20 something year-old hunting machine) it's just that Darwinism is still a major factor. If you cannot provide, you die. You are less important/worthy of a place within the tribal society. In a more 'civilized' country however, it is believed that people who are 'less able' still have a place within the society and can be accepted as members of a social community. The surplus of goods and money allows us to think less individually.

Anonymous said...

calvin zhang
Lambda Lambda Lambda

1. infirm
endeavors

2. The most difficult thing about this reading is that it was written in a way that we don't normally speak or read like this text. It made me have to slow down because it was more confusing and that I had to think more of what words mean from the surrounding text if i didn't know it. I had to also skip some words or had an idea of what it might mean and that made it more boring because it wasn't written in a way that it was easy to read and interesting at the same time.

3. Adam Smith is saying that everything is related to labor. The more labor something needs to be made the more the value the that something is; the less labor something needs to be made will be cheaper. In another perspective, he is also saying that companies that are frugal and have cheap labor still sells their products as if it took more labor than what it really is benefit more from their sales.

4. A savage nation is one where they work a certain amount but then want more than how much labor they put into their work. They just use cheap labor and make big profit from it. A civil nation is when one works a certain amount and then only gets what is needed so what ever the person buys will have a higher stock and won't ruin the supply. This is where there is an equal amount of pay for the laborers and the companies.

efhutch said...

Evan Hutchinson
Kappa
1.29.08

?’s to answer on Introduction and Plan of the Work

1. Words I don’t understand are:
-dexterity
-abundance
-scantiness
-endeavours
-perish

2. What I anticipate to be the most difficult thing throughout thins reading is the vocabulary, dullness of the reading/my attention spand, and my knowledge so far about economics and how that will affect my understanding of the reading.

3. According the Adam Smith, the importance of “labour” to a nation is the fund which originally supplies it with all the necessaries and conveniences of life. That in which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations. Depending on the labour, it affects how much is produced and to the proportion to the number of those who are to consume it. If the labour is strong and good, the nation will be better supplied with all the necessaries and conveniences for which it has occasion. If it is weak, then the opposite occurs.

4. According to Adam Smith, the difference between “savage nations” and “civilized and thriving nations” are that the savage nations are miserably poor, and from wanting, they are frequently reduced or at least thinking themselves reduced, to the necessity sometimes of directly destroying, and sometimes abandoning their infants their old people. And others left behind. This is due to more or less every individual who is able to work is a useful labourer. The civilized nations produce great amounts through a great number of people that do not do labor at all. However, the produce of the whole labour of the society is so great that all are often supplied for all to live off of.

Ivy said...

Ivy Leung
Iota

1. Words that I don’t understand:
• Dexterity
• Scantiness
• Frugal
• Industrious
2. What I anticipate to be the most difficult about this reading is the language it is written in. It’s English, but a harder termed English and I have some problems in reading this, but I tried reading over and over again and that didn’t help, but I hope I can get what Adam Smith is writing about in the next following questions.
3. According to Adam Smith, the importance of “labour” to a nation is the skill, dexterity, and judgment which labour is generally applied and the proportion between the number of those who are employed in useful labour, and those who are not so employed. It is a balance between those who are employed and not employed because we need balance between those two to produce some of the things we want.
4. “Savage nations” is when people who are more or less employed in useful labour and endeavors to provide, and contributing to his family and tribe. Sometimes these people will abandon his people and leaving them hungry, diseased, etc. “Civilized and thriving nations” is when many people who don’t labour at all, many whom consume the product of ten times, frequently of a hundred times more labour than the great part of those who work and everyone is supplied even the poor and the workmen.

XM5brett said...

Brett Moran
Kappa

1.
dexterity
frugal
Latter
Tolerably
Infirm
Scantiness
endeavors
conveniences


2. I anticipate that the most difficult thing in this reading will the be the the fact that my vocabulary is not on a excellent level. from one glance at this paper i could tell it wouldn't be easy to read because of a lot of long words next to each other. also the fact that its not double spaced and its easy to get lost.

3. According to Adam Smith the importance of labor to a nation is very big. this is because everything depends on the labor force if this labor force is weak then the entire nation will fall apart and become weak and full of problems. I completely agree with him on this!


4.The difference from a "savage nation" and a civilized nation in the eyes of Adam smith are that savage nations are not as good he sees them as a place that people do bad things like leaving there children and starving and dieing from disease, also that there is more that are unemployed.And That civilized nations are much more together because of power full labor forces which therefor leads to a better nation all around.Also that industry growth leads to a better nation. which savage nations don't have as much as civilized nations.

Anonymous said...

Aaron Alvarez
ZETA
Economics Homework
1)Scantiness, latter, frugal, that is pretty much it.
2) I anticipate that the difficult thing about the reading will be that I do not know what he is talking about, it also seems long that is something that I find to be difficult. To read the whole thing it seems pretty long I can tell that I don’t want to read the whole thing because it is about something that seems very boring. Aside from that I don’t think that there will be any problems with the reading it doesn’t seem so difficult.
3) Well labor to him is the thing which funds and supplies the nation with everything that it needs. The conveniences of the nation and the things that everyone needs are the fruits of labor, this means that labor is indirectly responsible for the well being of society. Labor is the things which the nation has to consume to survive and annually there is a specific amount that is consumed by the nation. Labor is what helps keep society going because it provides everyone with jobs, stability, and comfort thusly insuring good relations among people which is a healthy society. Labor is also the balance between the employed and the unemployed, meaning if everyonie works hard it doesn't matter if there are so few people working.
4) The differences from the savage nations and the more civilized and thriving nations is that the savage ones everyone is pretty much self employed and there is no order to the markets and everything is done independently while in civilized ones the market moves as a whole. Basically in more savage cultures like the ones in Africa the people there are poor, starving, and malnourished yet their markets are run independently for instance a fisherman sells fish at whatever price he chooses so that means that there are times when the price may be too high and the people won’t be able to afford the food. All of this independence causes chaos and an imbalance that leads to the market as a whole falling apart so the fish market in Africa may not be working correctly plus if there is a famine in one area while a surplus in another than there is no way for the fish to make it across all that space because the fisherman will only sell locally. While in civilized nations everything is much more universal and so the market is united which means that there is mass production which makes everything in bulk so that everyone’s needs are met, and if there is a famine in one spot than the market will adjust itself to bring some food from the areas with surplus to the areas with less and help stabilize the economy of the nation. Since the demand will increase than the production of the crops and food will also increase and this fixes the famines that may occur in other parts of the nation.

Anonymous said...

Kaid Alameri
Kappa

1. dexterity
abundance
scantiness
frugal
Tolerably


2. The article was hard for me to understand because there was a lot of words that I didn’t understand, and on top of that and it was the big thing the fact that I don’t have knowledge about this article. Also I think the article was not written for only people that are familiar with situation.

3. According to Adam Smith article “Labour” is important because it provide citizens or people the supplies they need, and by keeping people satisfy the nation will benefit from it too, by having more employees, and workers to produce which is going to help grow the economy.

4 . Savage people are those who don’t depand on technology and meteiralstic goods. All they need is food and house to keep the family together and they will be satisfy. Those people don’t benefit the economy because they don’t work as empolies but they just work for themselves to fill their stomach. Civilized nation people work at a comfortable space to provide themselves supplies and product that will make their life fancier and easier which is good for the economy.

Anonymous said...

Anderna Pearson
Lambda Block

1.
1. Dexterity
2. Abundence
3. Scantiness
4. Endeavours
5. Commerce

2.In this article i understood mainly everything except the 3rd and 2nd paragraph were it talks about the two different circumstances that is regulated, and the greater and amaller proportion.
'According therefore as...."
"But this protion....."

3.The importence of Labour to a nation is what produce is percheased and the gretaer or smaller proportion to the number of thoes who are tp consume it, because he feels the nation will be better or worse supplied with all the necessaries and conviences.

4. Civilized and thriving nations many don't labour at all many of whom consume the produce of ten times, frequantly of a hundred times more labour than the ggreater part of thoes who work yet the produce of the whole labour of the society is so great that all are abundantyly supplied.In savage nation individuals who are able to work is more or less employed in useful labour.Nations are poor sometimes abandent infants because of poor ness.

Anonymous said...

paulette hughes

1) dexteriity
scanntines
endevoure

2)The Most challenging part of the hand put was the unfamilure topic and different usage of the terms.

3) in order to have a wealthy nation, the nation must put in work or labor. the worker completes a large amount of labor. with out the workers the majority of the work wouldnt get done and the economy woulg struggle.

4)the difference between a savage nation and a civilzed nation is that savage nations use hunters, gathers, fishermen. all elidgible workers work and labor for the greater good for the family, tribe or smaller society. however on the other hand in a civilized nation majority of the people doesnt work the smaller percent does. but the smaller group puts in good quality labor for the nation to survive.

Anonymous said...

Dakarai Griffin
Lambda

1)Endeavours
Frugal
Scantiees
Dexterity
2)My first impression of this reaiong was that it consisted of vocabulary that i wasn't familar with. which woould have made it hard for me to understand the reading also i thought that the language of the reading could have been difficult sense i have not had any interaction with the
3) Adam stated that the annual labour of every nation is the fund that supplies al;l the nessacaries and coviences of life which consumes and produces the labour produce from nations
4) adam also stated that a savage nation of hunters and fishers who work are more and less employed in useful labor which provide nessacaries and coveiences of life. he also stated that the civilized nations are there is much more labour for those who work and produce labor in society will allowed for majoriy of people to be supplied

Anonymous said...

1)
dexterity-Skill Hands or body.
Abundance-Too much
Scantiness-Lacking

2)I think the hardest thing I had with this reading was the topic. It was hard of trying to stay in focus of reading this paper because I wasn't so into the topic that they were talking about. At first I was reading it but not fully letting the words in my head, sorta speak. So I had to reread the paper and talk to the text so I'll know that I am focus on the reading. I would also had to ask myself a few questions about the topic and summary each paragraphs.

3)According to Adam Smith believes that without labour the nation will go down. Because if we do not have the labour than everything will be unbalance and there will not be many people that will help supply the things the country needs. Because labour provides all the things that the country and people need and are very well worked at. But there is a difference between the useful labour and the non-useful labour as well. He talks about how we need the useful labour which are people with a job more then ever.

4.
According to Adam Smith the difference between savage nations and civilized and thriving nations is that savage nations naturally has labour workers because the people in savage nations are hunting and building their life. If someone was unable to work they don't work and wait for one of their family members to provide food and a place to live. As for civilized and thriving nations they have very little labour workers. Yet the nation is able to supply everyone, therefore making it so everyone can make their own money.

Fia. said...

1. Dexterity, Scantiness, Capital stock
2. I read the article before realizing that this question existed...Oops. But I suppose going into it I was a little afraid that the text would be long and boring. Actually though, I thought it was somewhat interesting. But the first sentence intimidated me because it was so long and full with juicy details and information. I was scared that Adam would continue to use those kinds of sentences.
3. Labour creates the market's wealth and it makes it possible to consume necessaries and conveniences.
4. He thinks that countries where the people work with fishing or agriculture are "savage" nations, which really bothers and irritates me. So the way I interpreted it it seemed as if he was saying that "savage" countries have a lot of laborers, but that the labour they do is not skilled enough. In civil countries he argues there are less people who need to preform labour and/or more people not employed, but because they are more skilled its okay or maybe even better off.

Anonymous said...

Tyler
IODA

1)Scantiness
Endeavours
Frugal
Infirm
Tolerably

2)The most difficult part is the way it was written, I had to slow down and think about what the hell he was talking about. After it a while it got boring, but I still tried to understand words that were confusing.

3)According to Adam Smith "labour" is important to provide people with what they need to have and have all of the convinces in their lives that they want.

4)In a savage nation people just work for what they need and for what their family needs, its much more about the individual than the society. all they need is enough food and shelter, its just about survival. But in civilized nation people want all the luxeries like the "fucking big screen tv" and ipods and stuff like that.

Julian MacDonnell said...

Julian M.D

1) infirm
frugal

2) I would have to say the most difficult thing to understand about this reading is the way it was written. I can understand it fine, that is if I read it one paragraph at a time. I understand the words and most of the meanings in the paper, but there are times where the paper seems to either lose me at points or goes in to many directions at once, or both.

3)Labour to a nation is what gives them their necessities. With out the nation doing labour them selfs, they not only get no profit/ income, but they also get no resources for them self and they just let them untouched and untapped. When this ocures, no income for the nation and the economy doesn't fare so well soon after.

4) Savage nations are certain people that work to support only themselves and their families. Where as civilized nations work for more than the necessities in life. They want luxury items like big screen TV's, music players, stereo systems, and other items. Because of this, these families wealth goes down and the ability for them to be able to get what they need goes down as well, and even knowing that all they want is the wants, not the needs.

Anonymous said...

Rolando Casella
Mu Block

1.) Frugal
Scantiness
Abundance
Dexterity

2.) I think the most difficult thing about this reading was just the way it was written, you can get a good understanding at some points more then others. Though looking at it first your like come on now this is boring, though you challenge yourself when you first read it because some parts are easier then others.

3.)The importance of "labour" to a nation is based on the price of something. The nation needs to survive and that the people that work harder or are the greatest in labour should be the ones to enjoy such necessities. Without the labour and the supply we would not be able to survive in such nation. Though the nation will be better or worse supplied with all the necessaries and conveniences that we produce.

4.) The difference between "savage nations" and civilized and thriving nations" is that savage nation works for what they need not what others need. It's always about how much money they have and what they can have whether it be that new Big Flat Screen TV or that new phone or MP3 player. As for "civilized and thriving nations" only a few people can work to be able to survive. Whether a person is lower or upper class and works, they both would be able to survive from the amount of produce that they have.

Anonymous said...

John Sy
Mu

1. Dexterity
Scantiness
Latter
Mere
Abundance

2. Personally I am not a strong reader, so for me to sit down and read this paper that was not so interesting was hard. The way it was written was hard for me to understand, But other than that there wasn't really any problems with the reading.

3. Adam Smith stated that as long as a individual is able to work, he or she is more or less employed in useful labour.

4. Smith is saying that amoung the civilized and thriving nations who are not in labour, the people who dont work has hundred times more labour than people who do labour. Smith is trying to say that all the people who dont work, have the potential to be better then that people who do work.

Jasmin Palencia said...

1:dexterity, abudance, scantiness, endeavours

2:I think that the most difficult part of this reading is understanding all the branches of the economy. All the hard words are also going to be a big problem with me because I'm not great with vocab and learning new words. I guess that this reading wont be hard if I worrk real hard at understanding it I can get it.

3:The labor supplies a country with everything that it consumes. It is eather directly from the labor or what that labor gets the country. Like farmers supply with fruits and vegetables the country but people that make clothes may supplyb the country with more money. So labor is basicaly what makes up the whole economy.

4:the difference between a "savage nation" and a civilized and thriving nation" is that one focuses of the farms. Almost everyone does labor so that they can get the food that they need and they all work the same. "civilized and thriving nations" focus more on other things. Not everyone works in farms but everyone has access to the food they need. So the labor is more broad here and they dont focus on just one thing.

Anonymous said...

Tony Asturias

scantiness

I think the hardest thing about this reading was the way he worded things. He could have said what he was trying to say in a much more simple way. He used really long sentences that confused me when he could have made what he was saying very simple.

Adam smith says that labor is important because it advances a nation.

He says that the difference between a savage nation and a civilized nation is that in a savage nation labor is used to further an individual or sometimes a family where many people are left behind to die. In a civilized nation everyone is taken care of through labor

Anonymous said...

Sydney Sun
Kappa Block

1) Dexterity


2) The most confusing thing for me with this reading is the ways it’s written. It’s written in a very circular fashion, it repeats itself at some points and then goes back to the beginning. At times it went on a tangent in a totally different direction then it went back to the repetitive circle idea.

3) According to Adam Smith, Labour determines what necessities are supplied to a country/ place in order for it to survive. It also decides how much of a certain product is natively produced and how much of it is foreign produced. Labour is also important because it determines how much of the population are employed for their skills and how many are not employed. Also, what the environment and climate will end up being like, the labor and production of a product also is influenced by different environmental situations.

4) In Savage Nations all able bodied people are employed for their skills. They provide for the people who cannot go out and work. But, many times the Savage Nations are extremely poor. Because the people are poor they feel like they need more and so they take more. Then the result is that the people who cannot provide for themselves are abandoned. On the other hand Civilized nations are the direct opposite. There are a lot less people who are employed, but there is a lot more that is produced, so people can consume a lot more and no one is left behind because there isn’t the feeling of “I’m not getting enough”.

Anonymous said...

Fabian Tellez
Iota? Or Kappa?

1. Soil Climate
Infirm
Scantiness

2. I think the most difficult part that I anticipate will be reading the document. It is obvious that the author of the document has chosen a lot of complicated and different words that aren’t usually picked as commonly as others. Another problem I always have with these documents is keeping my attention and focus up. If a document doesn’t grab me I will end up having a very hard time just reading through it and keeping focus.

3. Labor is important because it is a major part in determining the price of a good. If there is more labor then the price of the good can be increased and the same happens if there is very few labor. If there isn’t much labor then the price can be brought down. So in theory having a good that costs a lot of labor to make has to be a very needed or wanted good because if its not then you are not making the money for that much labor work.

4. A savage nation is when people living in it only work for their own survival. For example if I lived in a savage nation I would work for only my food and my goods instead of for my family or others, as well as just barely having enough to survive. In a civilized nation people not only work for their own survival but also work to make life easier as well as for others. Our society is a good example of a civilized nation, because we do not only work for ourselves but our everyday life is riddled with extras like cars and phones that aren’t necessary for survivability but make our lives a hell of a lot easier.

John said...

Lamda Block

1. Scantiness, endeavors and abundance

2. In general the subject in what this is writen really did not thrill me. I was really just not into the mood to read about the Annual Labor Society,

3. Well this article tells me that the labor force is a strong party of the economy and part of a nations survival. And how it can be sold for the cheapest bid for so much work.

4. He pretty much say that the savage nations will only for self benefit. He said that the would leave one another left to die. But The civilized people dont need to work to survive but to get rich and have extravigant things.

Anonymous said...

Morgan Ashley Chang
MU

1. Scantiness

2. I think the most difficult thing about this reading will be dealing with the denseness of the text. Though I'm not as tripped up about the vocabulary as I thougt I might be when I first glanced at this, I feel like there is no way that one can skim this and comprehend anything from it. The text is pretty dry, so staying focused and recognizing the points will probably prove to be a challenge throughout the reading.

3. The importance of "labour" is the fact that it is the basis of all nations. Smith states that labour must be done in order to produce the necessities that everyone in the nation needs. However, the amount of necessities produced must depend on the skill of the labour that is done, which is dependant on the number of labourers the work calls for.

4. According to Smith, the difference between "savage nations" and "civilized and thriving nations" is the difficulty of life that is led. In a "savage nation", citizens choose to do what needs to be done, and worry solely on their own life and those around them. It is more of a "fend for yourself" society, but a much more simplistic life where outside materials are not needed. However, in a "civlized and thriving nation", labourers, though few, look out for the "greater good". However, material items come into the picture here, thus changing the simplistic life to one where much more needs to be tended to.

Anonymous said...

Argent Ilejay

1)Dexterity

2) I felt that the most difficult part about reading this reading would be how dense each paragraph is. Like each paragraph has so much information in it that I had to re-read the same paragraph a few times to understand it a little bit better.

3) I believe that Adam Smith is saying that labour is productive and allows people to distribute wealth and food in a country to be readily consumed by its people.

4) The difference between “savage” and “civilized” is that in a savage nation everyone must work for their own gain and as a result, they are really poor with illnesses and being devoured by mystical beasts, like CHIHUALIS. But in the “civilized” nation everyone is part of a community and can grow as one, even those that do not work and are broke. This helps to care for everyone, even those that just sit at home and collect welfare.

Anonymous said...

WINTA DEBAS
IOTA

1.DEXTERITY
SCANTINESS
I DONT KNOW IF THIS COUNTS BUT THERE WAS A SENTENCE THAT I DIDNT UNDERSTAND. HERE IT IS:"THE ABUNDANCE OR SCANTINESS OF THIS SUPPLY, TOO, SEEMS TO DEPEND MORE UPON THE FORMER OF THOSE TWO CIRCUMSTANCES THAN UPON THE LATTER."

2.I THOUGHT JUST THE WAY THE TEXT WAS WRITTEN WAS DIFFICULT. IT WAS KINDA HARD FOR ME TO FOLLOW. I NOTICED THAT I HAD TO RE-READ A LOT OF SENTENCES AND SOMETIMES EVEN PARAGRAPHS JUST SO I COULD UNDERSTAND WHAT I WAS READING.

3.BASICALLY WHAT ADAM SMITH WAS SAYING IS THAT WITHOUT LABOUR THERE IS NO ECONOMY. AN ECONOMY NEEDS THE WORK THAT LABOURERS PRODUCE IN ORDER TO THRIVE AND BE SUCCESSFUL. NOT ONLY DOES LABOUR CREAT BENIFITS FOR ECONOMIES BUT ALSO FOR THE NEEDS OF SOCIETY. IT CREATES AN ABUNDANT SUPPLY OF NECESSITIES IN ORDER FOR PEOPLE TO SURVIVE.

4.ACCORDING TO ADAM SMITT, THE DIFFERENCE BETWEEN A "SAVAGE NATION" AND A "CIVILIZED AND THRIVING NATIONS" IS THAT IN A "SAVAGE NATION" EVERY INDIVIDUAL WHO IS ABLE TO WORK IS MORE OR LESS EMPLOYED IN USEFUL LABOUR, AND TRIES TO PROVIDE AS WELL AS THEY CAN, THE NECESSARIES AND CONVENIENCES OF LIFE, FOR THEMSELVES OR FOR THIER FAMILIES OR TRIBES WHEREAS IN A "CIVILIZED AND THRIVING NATIONS" THE LABOURERS ARENT WORKING JUST FOR THOSE THAT ARE CLOSE TO THEM BUT MORE FOR A NATION. THE NATION IS WHO THRIVES BECAUSE OF THE LABOUR THAT IS DONE AND WITHOUT THE LABOURERS THE NATION WOULD HAVE TO GO BACK TO BEING A "SAVAGE NATION" AND WORK FOR THEMSELVES AND/OR FAMILY/TRIBE.

ctsang118 said...

Christine Tsang
Block Iota

1.) Words that I didn’t understand are:
Dexterity
Infirm
Frugal

2.) I anticipate that the most difficult thing about reading this article is that I would not get the reading because of the wording. I felt that after reading the article there were too many unnecessary words in one sentence, which made it hard to understand.

3.) According to Adam Smith, the importance of labour to a nation is that labour is what creates the production of supplies for the consumers. Labour is what provides the necessities and makes it more convenient for the nation. Also the proportion of what is produced by labour and what is purchased needs to be regulated by the fact that there are those who are employed and not employed, including the skills and judgements that are needed in labour.

4.) The difference between savage nations and civilized and thriving nations is that savage nations are the hunters and fishers, where those who have the ability to work are employed in labour and they try to provide as much as they could for themselves and their family. Savage nations are more likely poor and they end up in disasters. In civilized and thriving nations, a majority of the people do not labour. The few producers are able to supply a large amount of produce, which also makes it possible for the poor to get their necessities.

Anonymous said...

Yuri Bond


1.There are no words I didn't really understand in context.

2.I think that the way Smith phrases things would make it a bit more difficult to read. The concepts behind his words are not all that advanced, in my opinion, it's the wording that gives him an edge.

3.Labor is a tool used to naturally distribute produce to a country's peoples. Smith states that “The causes of this improvement, in the productive powers of labour, and the order, according to which its produce is naturally distributed among the different ranks and conditions of men in the society, make the subject of the first book of this inquiry.” I believe that he means, for example, in a rich capitalist country like the US, the poor and working class work much more than the rich/upper class, but the upper class still buys the lower class's goods, which in turn gives the lower class an opportunity to use the produce they gain from trading with the upper class to take advantage of the surplus of goods.

4.In a savage nation, everyone needs to work to provide for themselves and their family. Their work is a means for survival. In a civilized society, the lower class still work, but they work to further themselves materially, as opposed to working solely for survival. This is partly the definition of a thriving nation. Forward advancement has to be made, and solely survival is not advancement.

Anonymous said...

2) I anticipated this reading to be boring and difficult to understand, and I was right. It was hard to follow because of that, so I had to re-read it to make sure I got the idea of it.

3)According to the author, Labour is the fund for a country. They can use it to create whatever they need or want(Necessities, and Luxuries). They can also use this to trade with other countries. Which can bring in other things (Necessities, and Luxuries) that they may need that they can't produce. All of this adds to their wealth as a nation.

4)According to the author, people who live in savage countries need to labour for their necessities and conveniences, and for other people who cannot work for it. And because of this these nations are poor, because they have no abundance. Abundance is what a Civilized and Wealthy nation have. this abundance leads to a less stressful lifestyle, then the people in the savage nations.

Andrew Jung

Jonas Hill said...

1. Frugal,infirm,latter

2.I think the hardest part of this reading will be comprehending what he is saying. I think that will be the most difficult because of the way he writes. It seems to be very concise, I would be better off will more detailed articles because it seems that if i miss one word or phrase that i wont be able to
comprehend the whole article. Also not using our spelling might take some getting used to but i guess their way of spelling seems to make more sense.

3.Labour is important because generates wealth and labour is what allows a nation to survive.

4.savage nations are nations that arent modernised or civilised where those who are able to hunt can hunt and those who can hold their own will not make it, while in more civilised countries this is not the case.

Anonymous said...

DeCorrah
Kappa

1. scantiness, dexterity, infirm

2. I think the most difficult part is going to be understanding all of it. the language is heavy with a lot of information or ideas

3. Adam Smith explains that labourers are important because they make the produce, thus controlling how much is able to be consumed. Without this the nation would not be balanced and the people would not their necessities and conveniences and in result the people and nation suffers.

4. In savage nations people work for themselfs as well as family to survive. In civilized nations they have it much easier. A portion for the nation can work to satisfy the whole and have more slack unlike savage nations. Civilized nations also spend more money.

Anonymous said...

David B
Mooooooooooooooo (Mu Block)

1)scantiness
frugal
dexterity
abundance
tolerably

2) The way the text was written was pretty hard to understand. The author had really long paragraphs and you had to stop and re-read to understand the connection

3) Labour is basically what keeps the country together. Without labors, the country will starve to death. Labour is what gives us goods and keeps our economy strong and without it, we wouldn't be a rich country.

4) The difference is that in
"civilized" countries, people work to get comfortable in life - to get HDTV, or new shoes, or a big house; while in "savage nations", people work just to survive and not to starve to death. In civilized countries, you would most likely be able to afford a living for you or your family, while in savage countries, even if you work 24/7, you might still starve to death.

Anonymous said...

Ed
Block Kappa

2) I think the most difficult part of this reading was taking Smith seriously in his little schpeal about 'savage' nations and their inferior levels of skill, judgement, and dexterity. It put me off, but I was interested in what he had to say. I probably wouldn't like this guy if I met him.

3) Smith says that the annual Labor of a nation is sort of like the currency that it uses. With the produce from the labor, countries can supply their people with 'necessities' and 'conveniences', or engage in trade with other countries for the fruits of THEIR labor as well. He also goes on to say that the country's labor (as a whole) benefits the country more the more people who reap the rewards from said labor (a very communist idea). He also implies that the labor of a country contributes to its technological advancement and quality of life, as he explains that 'savages' are sometimes forced to leave their old and young without necessities because of their inferior labor.

4) Smith talks about how 'savage nations' lack the skill, judgement, and dexterity to produce a workforce of any great benefit. Everyone of a working age is working, which fits with one of his requirements for a good infrastructure, but 'savages' just don't have the required skill to do what they need to to keep their people from starving or being 'devoured by wild beasts'. Whereas, 'civilised' people who live in a 'thriving' nation can do nothing, but at the same time consume 10 times the amount of produce from the labor that others do, since it's so efficient.

Anonymous said...

Sexy Samoan Guy!!!
MU!!!

1. Dexterity
Scantiness
Latter
Infirm
scatiness

2. The most difficult thing is probably understanding the vocab and the context of the articel. I felt like it was a collgere type of article just because of the complexity within it.

3. According to Mr.Adam Smith "labour" is a major factor to a nation because it can make or break a nation. I say that beacuse labour is lead back to everything and creates production for consumers and can also be a balance between the employed and unemployed.

4. Savage nations is a nation where everyone is more or lessed employed in useful labour and are able to provide from themself and family. Also such nations as a savage naiton is very poor and that makes them down themselves.
In a civilized and thriving nation a lot of the population dont do much labour but those who produce produce a lot and enough to supply men of poor class and anything a savage can require. Basically what they produce can provide for a lot of people because those few who do produce produce a lot.

Anonymous said...

Isabel A. Pedraja

1) dexterity
2) The most difficult thing about this reading is understanding the way it was written and breaking down each paragraph so I can read it cottectly.
3) It is a 'fund' that supplies the nation with all the necessities and conveniences of life.
4) Savage nations-labourers who are able to work are employed in useful labour and provide as best possible for themselves and family leaving those who cannot work behind to fend for themselves and starve. Civilized thriving nations- there are not many labourers at all and those who don't work still get a large product of that labour as well as those who do work for it.

Anonymous said...

1. Dexterity
Continuance
impartially

2. I think the biggest challenge will be the language, because the language of this reading will probably be college level. I think this because we do a lot of college level readings in this class.

3. Labor is what gets countries what they need. Labor produces food and other necessities that a country will use. Depending on how much labor there is, prices will vary.

4. In a Savage Society, man only works for himself. He;ll work for what he needs. In civilized society, there isn't much labor, and people work for what they want or what will make life easier, not for what is necessary.

Anonymous said...

1. Soil climate, stock, impartially

2. The most difficult thing about this reading was trying to determine whether or not the author is biased towards people who devote most of their time to contributing to the growth of the economy and the benefit of the state. I couldn't help but to wonder if he was trying to preach or if he was merely writing a neutral summation of the logistics of economy. Either way, it was on my mind.

3. The importance of labor to a nation, according to Adam Smith, is the level of work a citizen provides in order to boost the economic stability of the nation. Also, another fundamental aspect of labor in a nation is how the government acknowledges each industry. Wages are established by the contribution to the economy. So based on each citizen's "importance" to society, their wages are decided. Labor also affects the price and production of goods.

4. Savage nations, says Adam Smith, are so poor that goods and comfortable living cannot be provided to most of the population, even those who are working class. This being so, citizens that are without the ability to work are often not cared for, and there are less goods and conveniences to distribute throughout the people. Thriving nations have such a stable economy that citizens both unemployed and working class have more than enough to suffice as "comfortable living." Because there is usually an abundance of money, consumers tend to buy so much and contribute so much to the industry that the economy grows exponentially.

Jkim said...

JAMES KIM
BLOCK: MU

1) Dexterity, Scantiness, Frugal,
2) The hardest part of this reading is the way it is written. It starts out alright but after the 2nd sentence, it turns into another language and i cannot understand it fully. It's like reading Othello on steroids, its ridiculous.
3)Labour is what drives the economy. It is what makes the wealth of an economy. Labour helps puts prices on items by determining the amount of skill needed. Without labour, a economy cannot be established, the basis of trading.
4) The difference is that savage nations work to survive. They work, not to buy stuff that are luxuries but to work for the necessities of life. While people in civilized and thriving nations work to make their life easier. Civilized nations work to gain not only the required materials to live but also items classed as luxuries to make life easier. This flourishes the economy.

Anonymous said...

Ayinde Bell Stampp
Block Iota
1.
Scantiness
Abundance
Dexterity
Tolerably

2.) The difficult part of this reading to me personally is the way the it's formated. It isn't that interesting. I understand where it's talking about the labour but with all the other harder vocab,it's harder to follow the rest of the paper.

3. Labour is talking about how when it's very high then the price of the item being sold will increase. If there isn't that much labor then the price will drop and be sold very low. The labor is done by the selected people. If you don't have enough people to produce the item than it can't be sold at a big price because you won't make enough to be able to restock after items are sold. This is how i see it i might be wrong.

4. Savage nation- Is like being the "Boss". The money is in your pocket. You're just providing for yourself and others close to you.

Thriving- Is when the workers are payed but the main person gets the amount needed so they can restock and the supply rate isn't damaged.( Might be wrong)

Anonymous said...

1) scantiness
There was only one word that I didnt recognize and know in this article.

2) the only difficult thing about this article would be that it uses so many large words and they come right after eachother. Other than that it's very informal.

3) According to Adam Smith the annual labor of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it anually consumes, and which consists, always either in the immediate produce of the labour, or in with that prouce from other nations.

4) Accordig to Adam Smith the difference between "savage nations" and "civilized and thriving nations" is in the savage nation the person works for what they need and desire, they go out and do the necessary things to survive, such as hunting and fishing and providing for there family, they will work and labour for the things they want. While in the civilized and thriving nation, they dont labour at all, they tend to enjoy the modernized things in life like going to the store for there food and not havbing to do anything really to get what they want.

Anonymous said...

David Luerssen
Lambda Block

1) abundance
dexterity
scantiness
frugal
infirm
endeavours
latter

2) I anticipate that the most difficult part will be the way how the text is written because this text is old and at that time the people spoke different then today and so the text is hard to understand.

3) According to Adam Smith the labor produces goods which supply the nation and its neighbors with all the products the consumers need. So if there is an unbalance so that for example there are enough workers then there won’t be enough goods for all the people. So if the labor in the own country isn’t strong enough then the people either won’t have enough to live or they have to try to import what their own labor can’t produce.

4) Savage nations are nations in which the people work only for them self or their family. In this society everyone only thinks about him self and his family. All the nations with such a society are very poor. In a civilized society people don’t only work for them self. In these societies the working people work also for other people then for their family. In that type of society the difference between rich and poor people is bigger then in a savage nation but still the poorest people in a civilized nation still have more necessaries and conveniences then the people in a savage nation because the civilized nation is so strong and productive.

Anonymous said...

Dana Ward-Robinson

1) scantiness, dexterity, and endeavours.
2) I think it's the way it is formatted. I know most of the words being used but the way they are used makes it seem impossible for the reader to understand where the writer is coming from. It all was just a bit confusing.
3) I think he was saying that labour can help bring a nation out of poverty and pushes civilans tosupport the growth that is going on within the country by producing a product that could the nation as a whole.
4) The difference between the two is that a savage nation provides for himself and his family. But mainly the countries tend to be more poor and can't have all the things they want. Plus it states that they are miserable it affecrs the life they live. Leading them to avoid responsibilities, amkeing them thought less and inhumane. On the other hand civilized nations have a lot of people who don't work then who does work. But are still able to produce supplies for even the poorest consumer. They also push the idea to have all individuals b frugal and industrious.

Anonymous said...

JAMES GUTTMAN

IOTA BLOCK


1. Scantiness
2. I think the hardest part for me in this piece, like most writing, is to understand the overall concept or direction of the piece. I think it is going to be hard to get the main idea of the piece as I read it.

3. Without labor, our nation would require more than it was creating. Basically labor is a necessity because without it, society would not be able to get the resources it needs.

4. A civilized nation is one where the produce is less but supplies a greater amount of people. In a savage nation, only the able-bodied or capable work, and they provide for everyone.

Taylor Kemp said...

1. No, the words were fine.

2. The English is a little bit weird, but not indecipherable. He seems to jump back and forth between topics, and he is unclear in how he presents his ideas. He has terms for things that he doesn’t define well, for example: he talks about “useful labor” but he doesn’t say what kind of labor isn’t useful, and he insinuates that there is no useful labor happening in “savage” countries.

3. He says that a nation depends on its “useful” labor. He talks about the proportion of people who are employed in useful labor to the people who are unemployed being the factor that determines a nation’s wealth and national product. Labor is also important in that it determines how much wealth there is in a nation to be passed on to the lower classes, who in poorer nations would be left out to die because of lack of basic resources.

4. Savage nations are poor nations where there is not enough labor or not enough resources for the nation to support itself. He says that in savage nations people might be forced to abandon anyone who is incapable of working, such as the sick, the old, and infants because they can’t be supported on the limited resources of the people. Fully developed nations enjoy access to all forms of modern conveniences. They have an abundance of resources that they can also sell to other nations. Fully developed nations have so much wealth that it is possible for people who are incapable to work can still thrive.


Sorry, I forgot it was due at 11:59, I thought it was due tomorrow.

Unknown said...

Maggie Gaster
Lambda

1. I knew all of the words, but I had never seen "Necessaries" used. I basically thought of it as Necessities.

2. Before I read "Wealth of Nations" I noticed that it had a lot of run-on sentences. Those always confuse me so I anticipated a problem with them. Also, the concept was relatively complicated and each sentence explained it in complex language that very briefly explained the complicated concept. So, it was a little hard to follow and I had to read it over a few times before I got it.

3. A nation's ability to provide for its people depends on the amount and quality of the nation's labor. Countries of nations who do not produce as much have a weaker economy because of it and the people are not as well provided for and therefore not as happy.

4. A "Savage" nation is one which allows its people to work for themselves and their families instead of providing for them with the wealth of the country. There isn't enough "produce" to provide everyone with conveniences and necessities. Whereas, in a in a "civilized" or "thriving" nation there is enough wealth and "produce" that not everyone has to work because there is extra to help people in need who can't work.

Anonymous said...

leah
kappa

1. Vocabulary: Scantiness
2. I anticipated that this reading would have terms that would be difficult to understand. I thought that it would require a lot of background information and knowledge to get the concepts behind discussed.
3. According to Adam Smith the importance of labour what is supplies for nations. Labour provides nations with “necessaries and conveniences” of living. The produce of labour is distributed equally throughout all the different social standings.
4. Adam Smith states that the difference between “savage nations” and “civilized and thriving nations” has to do with the ability that civil societies hold to attain a share in the “necessaries and conveniences” that their nation offers them. In these savage nations, the people are driven by their need of these luxuries and so, destroy the people around them, and their way of life in a search to gain benefits. As well, a major difference between these two types of nations is the amount of working people. Savages work more and civilians work less.

Anonymous said...

1) Scantiness I guess but judging from the connotations it's similar to scarcity.
2) I know absolutely nothing about economy as a science or serious academic discipline and I had no idea who Adam Smith was till I wikipedia'd him right after I read the article. This is will be completely foreign territory for me and I don't anticipate much ease.
3. Labour is the fund through which nations provide necessities and conveniences of life. The effectiveness of this funding is determined by the dexterity, skill, and judgment with which the labor is applied and the rate of employment. Increasing quantities and qualities of labor benefit a state and increases the availability of necessities.
4. Smith claims that the "savage" nations have a 100% employment rate but due to a constant fight for survival and a fist to mouth existence. The individual must constantly provide for himself. While this isn't intrinsically bad, in times of harshness if one can not sustain himself he is thrown to the wolves and the individual can not raise himself from the daily struggles of survival. In a "civilized" society those who are not able to be used for labour still have a place even if their efforts don't. The civilization of nations has lead to a more urban lifestyle with a decline in the agrarian.

Anonymous said...

Daniel Kong

1.Capital stock

2) It's a bit dry. I had to reread a couple of paragraphs over and over to make sure I acutlly understood what it was saying.

3) Labour is important to maintain a healthy nation. Without labour one would not have a way of gaining his wants and needs for himself, or those of his family who are too old or too young or too sick do the labour themselves.

4)The difference is that savage nations have set the bar too high for themselves they have "...think themselves reduced, to the the necessity sometimes of directly estroying and... or to be devoured by wild beasts."In civilised nations, there are many who do not work yet are able to consume 10 to 100 times more labour than of those who actually work. However, the total output of those who work are so great that even one who does not have much prosperity can also enjoy and have his wants and needs.

Taylor Kemp said...

http://www.kptv.com/news/15648930/detail.html

Camas, Washington, a 66 year old woman wrestled a 22 year old robber to the ground. A KFC restaurant was robbed by the 22 year old suspect at which point the clerk called 911. The manager of the restaurant ran outside to alert customers in the parking lot to the potentially dangerous man running away. After the suspect got into a getaway car, one of the customers in the parking lot tailed the car for ~2 blocks at which point the suspect was let out on foot. 66 year old Mary Chamberlain jumped out of the car and raced over and wrestled the man to the ground. Police arrived immediately after and detained the suspect.

Police: 66-Year-Old Woman Captures Armed Robber. 3/19/08 3/20/08 http://www.kptv.com/news/15648930/detail.html.