Industrial Econominists Flashcards
Wrote wealth of nations
Laissez faire
Adam smith
Wrote On the principles of political economy and taxation
Advocated iron law of wages
Wages are low cause more people are
looking for work than there r jobs
David Ricardo
Wrote Essay on the principle population Said through history: Food Supply increases mathematically Population increases geometrically Anyone who is poor wants to be
Thomas Malthus
Believed in Utilitarianism
Create the greatest good for the greatest # of
People
His policies led to the Poor Laws and the abolishment of the Corn Laws
Jeremy Bentham
Wrote Principles of the Political Economy
Believed any government must champion
economic and social justice to protect the
minorities
John Stuart Mills
Utopian Socialist
Believed that technocrats should run private properties
Saint Simon
Utopian socialist Successful businessman Fan of John Locke (tabula rasa) Said environment shapes us Created an industrial town where everything was clean and nice
Robert Owen
Utopian Socialist
Said humans get damaged if they do the same ting all, day long
Said factories and farms should work together
Charles Fourier
Believed that workers must organize to gain fairness
Louis Blanc
Was a doctor
Supplied Karl Marx with $ so he could think
Friedrich Engles
Ancient scholar Said all ideas go through a process Thesis Antithesis Synthesis
Hegal
Said society is shaped by the economic forces they have
When studying history look at the invisible forces not the people
Said there would be class warfare
Karl Marx
Said government is a tool of oppression
Every government only serves themselves
Anarchists
Wanted reform to come through a peaceful revolution
Also wanted to spread the views of Christ
Christian socialists
Righted to make their own life better through unions
Trade Unions