Economics Flashcards
1
Q
(1776) what did adam smith believe in and did not support
A
free trade (without taxes), not mercantilism
2
Q
Which liberal supported utilitarianism
explain utilitarianism
A
John Stuart Mill
idea that u can do something as long as it doesnt harm anyone
3
Q
which man is to the left of John Stuat MIll? Hes also a mummy
A
Jeremy Bentaman
4
Q
what did Jeremy Bentaman believe
A
govt. should try to provide the greatest happiness to greatest amount of people
5
Q
what did jeremy bentaman advocate for
A
poor people laws and for the poor