In relatively short order the idea of a market economy in which prosperity is driven by intense, self-interested competition would push aside the medieval idea of commercial activity as a necessary evil, one that needed to be kept under strict control. (MBD 31) Drawing on your readings so far, give an account of the origins, evolution, and implications of the rise of liberal market capitalism. Describe how market capitalist theory, from Spinoza and Mandeville through classical and neo-classical theorists such as Adam Smith, J.S. Mill, Stanley Jevons and others, was able to present itself as a Rational (o Rationalist) successor to traditional (Medieval Christian, humanist) moral teachings.”

In relatively short order the idea of a market economy in which prosperity is driven by intense, self-interested competition would push aside the medieval idea of commercial activity as a necessary evil, one that needed to be kept under strict control. (MBD 31) Drawing on your readings so far, give an account of the origins, evolution, and implications of the rise of liberal market capitalism. Describe how market capitalist theory, from Spinoza and Mandeville through classical and neo-classical theorists such as Adam Smith, J.S. Mill, Stanley Jevons and others, was able to present itself as a Rational (o Rationalist) successor to traditional (Medieval Christian, humanist) moral teachings.”

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