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18 Cards in this Set

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early socialists who thought everyone's problems would be solved when there was no division between rich and poor, and everyone shared property
Utopians
thinker who said that people were having kids way faster than growing food to feed them
Thomas Malthus

"Malt"-us
higher wages = more children

more children = lower wages

so people are always poor
Iron Law of Wages
German philosopher who came up with "scientific socialism" and wrote The Communist Manifesto
Karl Marx
wanted the govt to step in to help the poor. he thought letting people go without regulations in the free market would hurt the weaker people. advocated giving the vote to women and workers.
John Stuart Mill
A little history humor...
Two retired professors were on holiday with their wives at a nudist colony. They were sitting on the veranda one summer evening, watching the sunset. The history professor asked the psychology professor, "Have you read Marx?" The professor of psychology replied, "Yes. I think it's the wicker chairs."
the idea that society should do the greatest good for the greatest number of its citizens
Utilitarianism
a society where everyone owns the means of production, not just rich people
Socialism
the farms, factories, railways and other business that make goods
Means of production
a kind of socialism that predicts a struggle between employees and employers
Communism
the "have-nots" -- the working class
Proletariat
describe the views of Adam Smith
a free market will everyone, not just the rich
describe the views of Thomas Malthus
people are having babies faster than they are growing food, so eventually there won't be enough food and there's nothing we can do about it
describe the views of David Ricardo
when wages are high, people have more kids, but more people leads to lower wages
contrast the utilitarians and socialists
utilitarians - thought individual freedom would lead to people's happiness
socialists - thought focusing on the good of society, not individual freedom, would lead to happiness
describe Marx's view of history and how later events challenged his view
all of history is a struggle between the "haves" and the "have-nots." later people realized that working reform eliminated many of his problems and nationalism was more important than communism.
link economic theories to present America
laissez-faire - this policy describes the American take on the free market exactly - the govt has kept its nose out of the ways companies trade and run their businesses

utilitarianism - the US is a utilitarian country, because of its focus on individual freedom. it also follows JS Mill's idea of the govt intervening in the lives of the poor, like American welfare

socialism and communism - because we live in a capitalist economy, it's the exact opposite of socialism or communism. certainly American labor unions and working conditions have improved over the years, but there is still a lot of class struggle.
how does Methodism and work reforms alter Marxist predictions
people are content where they are, and they don't feel they need to have a revolution. better conditions means they don't need to revolt to get better conditions