W 3/13            Locke (EIB 150-155); Smith (EIB 155-159); Marx (EIB 159-163); Case Study: Zimmerer and Preston (EIB 140-141)

                        Topic: Profit and Property

 

1. How does Locke argue for private ownership of property on the basis of the natural rights emerging from our labor?

 

2. According to Smith, how does self-interest in the form of the profit motive increase the greater good of society?

 

3. According to Marx, what is alienated labor and how does he use this concept to argue against the private ownership of property?