Chapter 4 - Critics Of Business Flashcards
Agrarian society
A society with a largely agricultural economy. Started with the Greeks and Romans.
Just price
A price giving a moderate profit one inspired by fairness, not greed.
Market price
A price determined by the interaction of supply and demand.
Usury
The landing of money for interest
Protestant ethic
The belief that hard work and adherence to a set of virtues such as thrift, saving, and Sebright he would bring wealth and God’s approval.
Utopia
Is socially engineered model community designed to correct faults in the world so it’s members can find happiness.
Populist movement
It political reform movement arose among farmers in the late 1800s. Populous blamed social problems on industry and sought radical reforms such as government ownership of railroads.
Progressive movement
A turn-of-the-century political movement that associated moderate social reform with progress. Progressivism was less radical than populism and had a wider appeal.
Socialism
A doctrine of classless society in which property is collectively owned an income of labor is equally divided among members. It rejects the values of capitalism.
Karl Marx and the communist manifesto
They believed communism was the basis for socialism and it wasn’t another process of class struggle underlying and explaining his theory of human society.
Old progressive
Members of a broader political and social reform movement in the early years of the 20th century
New progressive
Members of contemporary left-leaning groups who advocate more radical corporate reform than date or time progressives. New progressives seek to avoid being branded as liberals and try to take advantage of the favorable connotations in the word progressive.
Beliefs of the new progressive
Corporations have too much power. Corporations have in ordinate legal rights. Corporations are inherently immoral.
Non-governmental organization
A term for voluntary, nonprofit organization’s that are not affiliated with governments.
Civil society
A zone of ideas discourse and action dominated by progressive values that transcends national Society’s and focuses on global issues.
Keynesianism
And economic philosophy of active state intervention to stabilize the economy and stimulate employment.
Chicago school
The name given to a group of economists and do the free market doctor and they taught. It is synonymous with neoliberalism.
Group of eight
Formally an annual meeting or 8 L of large industrial democracies met to discuss economic issues, since replaced by an expanded group of the wealthiest nation is called the group of 20, or G 20
