Chapter Three Section Four Flashcards

0
Q

Articulated by David Ricardo, it says that when wages are high people have more children, leading to increased labor, which would then lower wages

A

“Iron Law of Wages”

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1
Q

An early Industrial Age thinker who predicted the effects of population explosion- he predicted trouble for the poor

A

Thomas Malthus

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2
Q

Actions are right if they promote happiness, wrong if they cause pain. He wanted to improve the lives of working people through government intervention

A

John Stuart Mill

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3
Q

Early socialists who tried to build self sufficient communities in which all work was shared and all property was owned in common

A

Utopians

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4
Q

A pamphlet written by Karl Marx and Friedrich Engels which outlines class struggles between the rich and poor

A

The Communist Manifesto

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5
Q

The goal of society should be the greatest happiness for the greatest number of people

A

Utilitarianism

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6
Q

The people as a whole, rather than private individuals, would own the means of production

A

Socialism

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7
Q

A form of socialism that sees class struggle between employer and employee as inevitable

A

Communism

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8
Q

The working class

A

Proletariat

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