The Age Of Enlightenment By Voltaire And Economist Adam Smith

The Age of Enlightenment brought forth some of history’s greatest philosophers who introduced and provided the arguments for contemporary thought and social systems in continued use today. Although historians consider the ideas of natural rights and separation of powers in democracies of the highest order of importance, the economic theories developed by the leading thinkers of the era pervade daily life in all societies. The idea of wealth is timeless, but philosopher Voltaire and economist Adam Smith wrote opposing theories on the true value of wealth and how society should allocate its wealth and resources. Voltaire’s satire Candide, or Optimism features El Dorado, a socialist utopia where the inhabitants treat precious metals and stones as dirt and provide for the general welfare of their city, while Smith’s The Wealth of Nations discusses macroscopic economies and how these economies interact to maximize production and encourage human advancement. Both argum ents make use of ethical, moral, and social ideas, but only work perfectly in a utopian setting. By comparing and contrasting the arguments presented in each of these texts, one establishes an understanding of how economies and societies operating on either capitalism or socialism alone compare to those that incorporate elements of both ideologies. In Candide, or Optimism, Voltaire envisions a paradise, El Dorado, where the inhabitants have all they ever need and the idea of physical wealth or excess does notShow MoreRelatedThe Enlightenment1278 Words   |  6 PagesWorld The Enlightenment, Age of Reason, began in the late 17th and 18th century. This was a period in Europe and America when mankind was emerging from centuries of ignorance into a new age enlightened by reason, science, and respect for humanity. This period promoted scientific thought, skeptics, and intellectual interchange: dismissing superstition, intolerance, and for some, religion. 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