BUS 1050 1nd Edition Lecture 5 Outline of Last Lecture I Walden s Theory and living between wants and needs Outline of Current Lecture II Socretes Plato and Aristotle Theories III Socialistic Society Current Lecture Socrates Plato Aristotle 480 470 Persian War Themistodes Pericles 430 405 Peloponesian War 399 Death of Socrates 390380 The Republic 370 360 The Politics Years in BCE Pericles Philosophy Emperor Believed that arts could change economics Began plays and the structure of entertainment When businesses begin producing things that people need to what people want it becomes an issue For example Our government pushes us to increase out standard out living With that our GDP Gross Domestic Product increases currently 17 18 trillion The republic eventually replaces Athens Plato was influenced by Pericles and created a set of rules for a dictator for the republic The Socialistic Society Gold Class belongs to highest form of government Silver Class involves military and government relations Bronze Class includes commercial people Aristotle and Plato believe that society is not at the right state to establish a perfect system of vote and government Gloucon Story of Gyges Ademantus Socretes These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Sub rosa Activities below the table enthical The ring in the story of Gyges If ring fell into the hands of good or bad the user will eventually give into maximizing self interest NEEDS Interdependent Division of Labor Social Division of Labor Experience Curve Lower Costs Lower Costs Lower Prices Quality Distribution Page 111 Line 42 Social Division of Labor Division of Labor is necessary for growth of a larger group Page 111 Line 73 Must engage in Foreign Trade Page 112 Lines 1 40 Most important things to have Aristotle is money Manufacturer Homo Faber Merchant Wholesale Shopkeeper Retailer Consumer Merchant and ShopKeeper is known as Homo Economics Consumer is known as homoconsumens Agora Marketplace Page 112 Line 62 Redirection from needs to wants Page 113 Line 1 War and battle for land AristotleArt of Acquisition Needs are Natural Wants are Un Natural
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