BUS 1050 1nd Edition Lecture 12 Outline of Last Lecture I Tawney Outline of Current Lecture II Continue Tawney III Introduction to Carnigie IV Introduction to Rand Current Lecture Midterm Exam 10 20 14 Will contain one essay question and or one optional one Tawney Emmerson or Faber anyone that claims to be serving society is faking it Adam Smith Continue to service society is the bottom line P199 L70 Belief of social purpose P 200 L1 77 L 20 Lord Gainford Social purpose is more important than profit Boycott led to lowered prices due to threat of losing market share and revenue P 201 L 18 Two societies Function acquisitive Work before money decided by contributionFunctional Acquisitive Society L 40 Acquisition of wealth L 75 Realizes opportunity can be taken away Should have right to pursue self interest Ptolomy in 1st century Geocentric Cosmology Copenicius 15th and 16th discovers sun as the center of universe Galileo 16th and 17th century discovers concentric cosmology based on sun finding Tawney 20th and 21st discovers solipsistic cosmology Mortals who fail or immoralist that succeed Carnigie Wealthiest man in early 1900s 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 Corporate Social Responsibility Carnegie Created first mass manufacturing Bessemer steel Engaged in vertical integration Coke Ore Process Bridges or Rail Roads P 209 Increase education parks and improvement of self L 95 Solves problem of rich and poor Individualism and distribution may be free P210 L1 Always a conflict between those who have and don t have marx reflected conflict Conflicts resolve would allow labor to be sustained P205 L62 Socialism and capitalism does not work So we should prepare to give back P 204 L 72 Those who own stock do not have sympathy for laborers and vis versa Often friction between employer and employee P205 207 Labor can benefit Must have purpose to preserve The advantages of competition are greater than law Carnegie Gospel of Wealth P 205 L 35 Social Darwinism Anarchist standpoint if you don t put work in you will not be rewarded L38 Rich are born to be rich P206 L51 1st means money becomes wasted 2nd means give it away 3rd means libraries parks Tolstoy P208 L62 Religion influence Sacrifice to life people within community P214 215 Intro to John D Rockefeller Jr Business built for Capital Management Labor and Community L17 P221 Infinite profit and growth are interest of societies L 41 Corporate has direct responsibility to employers Responsibility to conduct business in their desires P224 Cause Related Marketing L32 Corporations have no social responsibility Ayn Rand Conservative Economic Views Ideas similar to Friedman Mind Idea Production Sales Demand and Consumption Love of Money P167 L1 The root of money Rand believed that religion was full of fantasy and myth she was atheist
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