Theories Behind Sweatshop-Adam Smith's Invisible Hand, Self Interest
Theories behind sweatshop- Adam Smith’s perspective of Invisible Hand, Self Interest vis a vis Immanuel Kant’s theory on Ethics and Human Dignity
The above-mentioned aspects shall be explained by comparing two normative theories namely Adam Smith concept of an “Invisible Hand” qua Kant’s deontological theory on Ethics. Even though Kant’s philosophy has received criticism in multiple ways, his theory goes quite a distance to negate the conformists’ theory of demand and supply as suggested by various economists and capitalists.
From an economist’s perspective, the sweatshops may seem like an appropriate mechanism to boost the economy due its “laissez faire” approach towards thrusting on the concept of competition, supply and demand as suggested
The above-mentioned aspects shall be explained by comparing two normative theories namely Adam Smith concept of an “Invisible Hand” qua Kant’s deontological theory on Ethics. Even though Kant’s philosophy has received criticism in multiple ways, his theory goes quite a distance to negate the conformists’ theory of demand and supply as suggested by various economists and capitalists.
From an economist’s perspective, the sweatshops may seem like an appropriate mechanism to boost the economy due its “laissez faire” approach towards thrusting on the concept of competition, supply and demand as suggested