Theory Of The Free Market

Question 1

Human beings are evolving through a struggle of survival.

Answer 1

Social Darwinism : influence means progression.

Question 2

Self interest =

Answer 2

Pursuit of profit and wealth.

Question 3

Psychology: human beings are greedy
Human beings motivated by self interest.
Self interest =pursuit of profit and wealth.

Answer 3

Assumptions about humans

“Truth” about human nature.

Question 4

Needs create marketplace demands
Market responds by creating supply
Competition guarantees
Competition supply that social needs will be met. 
Competition progress. 
First law

Answer 4

Law of supply and demand

Question 5

First supply and demand
Second Accumulation of profit
Third good for the capitalist good for the worker.
3rd laissez-faire/No government intervention

Answer 5

The law of the marketplace

Question 6

Fourth law
Disrupt laws of marketplace.
negatively affect incentive.
Reward loser

Answer 6

Laissez-faire/No government intervention

Question 7

theory Of creating a perfect race

Answer 7

Eugenics

Question 8

Financial infrastructure
Physical infrastructure
Security: police
Civil court: contracts
Public education
No tariffs no government protection of industry
"Unproductive" spending

Answer 8

The role of the government

Question 9

Darwin biologist
Herbert Spencer sociologist
Adam Smith economist social theorist

Answer 9

Social Darwin influences

Question 10

Humans (Individuals, countries, races) are evolving through a struggle for survival.

Answer 10

Daralens thesis progression

Question 11

Society is evolving (Darwin)
Free-market (Smith) in environment for struggle.
Survival of the fittest (Spencer) is necessary and good thing

Answer 11

Social Darwinism argument

Question 12

“Survival of the fittest” (Spencer) Is a necessary and good thing.

Answer 12

Good for society-The weak Die off

This was species-Eliminates the weak.