socialism, communism and capitalism Flashcards
socialism
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
utopia
an imagined community or society that possesses highly desirable or nearly perfect qualities for its citizens.
robert owen
a Welsh social reformer and one of the founders of utopian socialism and the cooperative movement. He worked in the cotton industry in Manchester before setting up a large mill at New Lanark in Scotland.
karl marx
German-born scientist, philosopher, economist, sociologist, journalist, and revolutionary socialist. Born in Trier to a middle-class family, he later studied political economy and Hegelian philosophy.
communism
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Origin
mid 19th century: from French communisme, from commun (see common).
Translate communism to
Use over time for: communism
proletariat
workers or working-class people, regarded collectively (often used with reference to Marxism).
democratic
.relating to or supporting democracy or its principles.
socialism
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
communist manifesto
an 1848 political pamphlet by German philosophers Karl Marx and Friedrich Engels.
capatalism
an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
thomas malthus
an English cleric and scholar, influential in the fields of political economy and demography. Malthus himself used only his middle name, Robert
david ricardo
British political economist. He was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and James Mill.
dictatorship
government by a dictator
laissez fair
policy or attitude of letting things take their own course, without interfering.
adam smith
Scottish economist, philosopher, and author. He was a moral philosopher, a pioneer of political economy, and was a key figure during the Scottish Enlightenment era.
