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SOCY 151: Foundations of Modern Social Theory

Lecture 08 - Smith: The Invisible Hand. John Stuart Mill made important and influential amendments to Bentham's ideas of utilitarianism. Perhaps most influentially, Mill states that there are not only different quantities of happiness but also qualitative differences in happiness. Humans are capable of higher forms of happiness, and therefore utility must be judged by taking into account quantitative amounts as well as qualitative differences in forms of happiness. Mill also drew a distinction between legality and justice; what is just is not always written in law, and what is written in law is not always just. Justice is a higher principle than the law. Mill's ideas have been incorporated into the laws of the United States and many people who live here subscribe to his ideas; the United States has some of the most permissive laws ensuring the freedom of speech of all liberal, free democracies. However, Mill's argument that liberty must never be sacrificed for expediency has been subject to debate in the United States since 9/11/01. In keeping with his views on liberty, Mill held radical views on women for his time; he believed in educational, political (voting), and marital equality for women. Mill believed women are not inferior by nature. Professor Szelenyi ends class by going over how he would answer the questions for the first exam with the students. (from oyc.yale.edu)

Lecture 08 - Smith: The Invisible Hand

Time Lecture Chapters
[00:00:00] 1. Introduction
[00:09:52] 2. Justice and Legality; Justice and Expediency
[00:19:15] 3. On Liberty: Freedom and Individuality
[00:27:27] 4. The Subjection of Women: Major Themes
[00:32:41] 5. Review of First Test Questions

References
Lecture 8 - Smith: The Invisible Hand
Instructor: Professor Ivan Szelenyi. Transcript [html]. Audio [mp3]. Download Video [mov].

Go to the Course Home or watch other lectures:

Lecture 01 - Introduction
Lecture 02 - Hobbes: Authority, Human Rights and Social Order
Lecture 03 - Locke: Equality, Freedom, Property and the Right to Dissent
Lecture 04 - The Division of Powers- Montesquieu
Lecture 05 - Rousseau: Popular Sovereignty and General Will
Lecture 06 - Rousseau on State of Nature and Education
Lecture 07 - Utilitarianism and Liberty, John Stuart Mill
Lecture 08 - Smith: The Invisible Hand
Lecture 09 - Marx's Theory of Alienation
Lecture 10 - Marx's Theory of Historical Materialism (1)
Lecture 11 - Marx's Theory of Historical Materialism (cont.)
Lecture 12 - Marx's Theory of History
Lecture 13 - Marx's Theory of Class and Exploitation
Lecture 14 - Nietzsche on Power, Knowledge and Morality
Lecture 15 - Freud on Sexuality and Civilization
Lecture 16 - Weber on Protestantism and Capitalism
Lecture 17 - Conceptual Foundations of Weber's Theory of Domination
Lecture 18 - Weber on Traditional Authority
Lecture 19 - Weber on Charismatic Authority
Lecture 20 - Weber on Legal-Rational Authority
Lecture 21 - Weber's Theory of Class
Lecture 22 - Durkheim and Types of Social Solidarity
Lecture 23 - Durkheim's Theory of Anomie
Lecture 24 - Durkheim on Suicide
Lecture 25 - Durkheim and Social Facts