B3U4 T.docx
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B3U4 T.docx
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B3U4T
UnitFour
WesternEconomics101
SectionA
AdamSmith
PARTⅠBackgroundInformation
1.ChancelloroftheExchequer
ChancelloroftheExchequeristheBritishgovernmentministerinchargeoftaxesandgovernmentspending.TheworkoftheChancelloroftheExchequeristhesameasthatoftheFinanceMinisterinmanyothercountries.ChancelloroftheExchequermentionedinthistextreferstoJamesGordonBrownwhohaseverbeentheformerChancelloroftheExchequer.
JamesGordonBrown(1951~)wasborninGlasgow,Scotland.HeisthePrimeMinisteroftheUnitedKingdomandLeaderoftheLabourParty.ImmediatelybeforethishehadservedasChancelloroftheExchequerintheLabourgovernmentfrom1997to2007underTonyBlair.HehasbeenaMemberofParliamentsince1983;firstforDunfermlineEastandsince2005forKirkcaldyandCowdenbeath.AsPrimeMinister,healsoholdstheofficesofFirstLordoftheTreasuryandtheMinisterfortheCivilService.
2.JohnMaynardKeynes
JohnMaynardKeynes(1883~1946)wasaBritisheconomistwhoseideashavehadacentralinfluenceonmodernmacroeconomics,bothintheoryandpractice.Headvocatedinterventionistgovernmentpolicy,bywhichgovernmentswouldusefiscalandmonetarymeasurestomitigatetheadverseeffectsofbusinesscycles,economicrecessions,anddepressions.HisideasarethebasisfortheschoolofthoughtknownasKeynesianeconomics,anditsvariousoffshoots.
3.WealthofNations
AnInquiryintotheNatureandCausesoftheWealthofNationsisthemagnumopusoftheScottisheconomistAdamSmith.ItisaclearlywrittenaccountofeconomicsatthedawnoftheIndustrialRevolution,aswellasarhetoricalpiecewrittenforthegenerallyeducatedindividualofthe18thcentury—advocatingafreemarketeconomyasmoreproductiveandmorebeneficialtosociety.
Theworkiscreditedasawatershedinhistoryandeconomicsduetoitscomprehensive,largelyaccuratecharacterizationofeconomicmechanismsthatsurviveinmoderneconomics;andalsoforitseffectiveuseofrhetoricaltechnique,includingstructuringtheworktocontrastrealworldexamplesoffreeandfetteredmarkets.
4.aninvisiblehand
Ineconomics,theinvisiblehandisthetermeconomistsusetodescribetheself-regulatingnatureofthemarketplace.TheinvisiblehandisametaphorcoinedbytheeconomistAdamSmithinTheWealthofNations.
5.Mercantilism
Mercantilismisaneconomictheorythatholdsthattheprosperityofanationisdependentuponitssupplyofcapital,andthattheglobalvolumeofinternationaltradeis“unchangeable”.Economicassetsorcapital,arerepresentedbybullion(gold,silver,andtradevalue)heldbythestate,whichisbestincreasedthroughapositivebalanceoftradewithothernations(exportsminusimports).Mercantilismsuggeststhattherulinggovernmentshouldadvancethesegoalsbyplayingaprotectionistroleintheeconomy;byencouragingexportsanddiscouragingimports,notablythroughtheuseoftariffsandsubsidies.
Mercantilismwasthedominantschoolofthoughtthroughouttheearlymodernperiod(fromthe16thtothe18thcentury).Domestically,thisledtosomeofthefirstinstancesofsignificantgovernmentinterventionandcontrolovertheeconomy,anditwasduringthisperiodthatmuchofthemoderncapitalistsystemwasestablished.Internationally,mercantilismencouragedthemanyEuropeanwarsoftheperiodandfueledEuropeanimperialism.Beliefinmercantilismbegantofadeinthelate18thcentury,astheargumentsofAdamSmithandtheotherclassicaleconomistswonout.Today,mercantilism(asawhole)isrejectedbyeconomists,thoughsomeelementsarelookeduponfavorablybynon-economists.
6.theReformation
Oneofthegreatestofallrevolutionswasthe16thcenturyreligiousrevoltknownastheReformation.Thisstormy,oftenbrutal,conflictseparatedtheChristiansofWesternEuropeintoProtestantsandCatholics.Sofar-reachingweretheresultsoftheseparationthattheReformationhasbeencalledaturningpointinhistory.ItusheredintheModernAgebecause,oncethepeople’sreligiousunitywasdestroyed,theybegantothinkintermsoftheirownregionalinterests.Fromthediversityofthoseinterestsarosenewpolitical,social,andeconomicproblemsandbeliefs.
7.TheTheoryofMoralSentiments
TheTheoryofMoralSentimentsisaworkonethicsandhumannature,whichmadeAdamSmith’scareer.InhisTheoryofMoralSentiments,Smithaskedthemostfundamentalquestion:
Whydoweregardcertainactionsorintentionswithapprovalandcondemnothers?
Smithtookacompletelynewdirection,holdingthatpeoplearebornwithamoralsense,justastheyhaveinbornideasofbeautyorharmony.Ourconsciencetellsuswhatisrightandwrong:
andthatissomethinginnate,notsomethinggivenusbylawmakersorbyrationalanalysis.Andtobolsteritwealsohaveanaturalfellow-feeling,whichSmithcalls“sympathy”.Thesenaturalsensesofconscienceandsympathyensurethathumanbeingscananddolivetogetherinorderlyandbeneficialsocialorganizations.Soourmoralityistheproductofournature,notourreason.
TheTheoryofMoralSentimentsestablishesanewliberalism,inwhichsocialorganizationisseenastheoutcomeofhumanactionbutnotnecessarilyofhumandesign.Indeed,ourunplannedsocialorderisfarmorecomplexandfunctionalthananythingwecouldreasonoutforourselves.
8.thelawofnature
Thelawofnatureornaturallawisatheorythatpositstheexistenceofalawwhosecontentissetbynatureandthatthereforehasvalidityeverywhere.Thephrase“naturallaw”isopposedtothepositivelaw(whichisman-made)ofagivenpoliticalcommunity,society,ornation-state,andthuscanfunctionasastandardbywhichtocriticizethatlaw.Innaturallawjurisprudence,ontheotherhand,thecontentofpositivelawcannotbeknownwithoutsomereferencetothenaturallaw(orsomethinglikeit).Usedinthisway,naturallawcanbeinvokedtocriticizedecisionsaboutthestatutes,butlesssotocriticizethelawitself.Someusenaturallawsynonymouslywithnaturaljusticeornaturalright,althoughmostcontemporarypoliticalandlegaltheoristsseparatethetwo.
NaturallawtheorieshaveexercisedaprofoundinfluenceonthedevelopmentofEnglishcommonlaw,andhavefeaturedgreatlyinthephilosophiesofThomasAquinas,FranciscoSuárez,RichardHooker,ThomasHobbes,HugoGrotius,SamuelvonPufendorf,JohnLockeandEmmerichdeVattel.Becauseoftheintersectionbetweennaturallawandnaturalrights,ithasbeencitedasacomponentinUnitedStatesDeclarationofIndependenceandtheConstitutionoftheUnitedStates.
9.theEnlightenment
TheAgeofEnlightenment,orsimplyTheEnlightenment,isatermusedtodescribeatimeinWesternphilosophyandculturallife,centeredupontheeighteenthcentury,inwhichreasonwasadvocatedastheprimarysourceandlegitimacyforauthority.
DevelopingmoreorlesssimultaneouslyinGermany,France,GreatBritain,theNetherlands,Italy,Spain,andPortugal,andbuoyedbytheNorthAmericancolonists’successfulrebellionagainstGreatBritainintheAmericanWarofIndependence,theculminationofthemovementspreadthroughmuchofEurope,includingthePolish-LithuanianCommonwealth,RussiaandScandinavia,alongwithLatinAmericaandinstigatingtheHaitianRevolution.IthasbeenarguedthatthesignatoriesoftheAmericanDeclarationofIndependence,theUnitedStatesBillofRights,theFrenchDeclarationoftheRightsofManandoftheCitizen,andthePolish-LithuanianConstitutionofMay3,1791,weremotivatedby“Enlightenment”principles.
PARTⅡLanguageStudy
1.Kirkcaldy—thebirthplace,in1723,ofAdamSmithand,byextension,ofmoderneconomics—isalso,ofcourse,whereyourChancelloroftheExchequerwasreared.(Para.1)
ItisinKirkcaldythatAdamSmithwasbornin1723,andtoacertaindegree,itisthebirthplaceofmoderneconomicsanditisalso,ofcourse,whereyourChancelloroftheExchequergrewup.
extension:
n.
1)[U]extendingorbeingextended伸展;延长;被延长
Theextensionofscientificknowledgehasbenefitedusalot.
科学知识的普及让我们受益良多。
Theextensionofthegardenwilltakeseveralweeks.
扩建花园需要几个星期。
2)[C]additionalpart扩充部分,增补部分
Wearebuildinganextensiononthebackofourhouse.
我们正在屋后进行扩建。
Addakitchenextensiontoyourhome.
在你家里扩建一个厨房。
3)[C]extraperiodoftime宽限的期限
Iamgoingtoaskforanextensiononthisessay.
我打算请求延期交这篇文章。
Localshopshavebeengrantedanextensiontoopeninghours.
当地商店已经被允许延长营业时间。
Willthebankgiveyouanextensionontheloan?
银行会给你延长贷款期限吗?
byextension:
somethingbeingnaturallyconnectedtoorbeinganaturalresultofsomethingelse自然地,当然地
Shehatesallbusinessmenand,byextension,me.
她恨所有的生意人,当然也包括我。
Hisreportcontainedseriouscriticismsofthefinancedirector,andbyextension,oftheentiremanagement.
他的报告包括对财政主任的严厉批评,当然,也批评了整个管理层。
economics:
n.
1)(sing.)thestudyofthewayinwhichmoneyandgoodsareproducedandused经济学
HeisstudyingeconomicsatManchesterUniversity.
他在曼彻斯特大学读经济学。
Mysisterdecidedtochooseeconomicsashermajor.
我妹妹决定读经济学专业。
2)(pl.)wayinwhichmoneyinfluenceswhetheraplan,business,etc.willworkeffectively经济情况;经济因素;经济意义
Theeconomicsoftheschemewillhavetobelookedatverycarefully.
这项计划的经济因素须认真考虑。
Thesimpleeconomicsofthecasesareeasytoexplain.
这一问题的基本经济状况很容易解释。
Thenewdevelopmentsradicallychangedtheeconomicsofthenewspaperindustry.
这些新发展从根本上改变了报业的经济状况。
rear:
vt.bringupandeducate(children)抚养,养育;培养(子女)
Heputforwardmanyscientificmethodsofrearingchildren.
他提出很多科学的育儿方法。
Itisfarfromeasyforaneighty-year-oldgrandmat
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