This week we started by continuing our discussion of market economies.  We talked about their disadvantages, such as unequal distribution of wealth and the economic good of an individual is superior, and the advantages, such as freedom, profit, and efficiency.  We also talked about Adam Smith who was a supporter of a free market economy.  He wrote The Wealth of Nations and was most famous for his idea of the invisible hand.  However, he thought that there should be no government involvement in the market.  I disagree with this because I think without the government there would be much disorder.  The government needs to play at least a small part in the market so that the product market and the factor market are receiving resources.  Adam Smith thought that if we were left alone, that human nature would work everything out on its own, but I think it is too much of a risk to try it without a body to maintain order.