Economics Flashcards

1
Q

(1776) what did adam smith believe in and did not support

A

free trade (without taxes), not mercantilism

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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

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3
Q

which man is to the left of John Stuat MIll? Hes also a mummy

A

Jeremy Bentaman

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4
Q

what did Jeremy Bentaman believe

A

govt. should try to provide the greatest happiness to greatest amount of people

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5
Q

what did jeremy bentaman advocate for

A

poor people laws and for the poor

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