The classical political economists shared, to a large extent, a version of an emerging social system. A social systems is the patterned series of interrelationships existing between individuals, groups, and institutions and forming a whole. Every classical political economist such as Adam Smith, Karl Marx, and David Ricardo expect the system to evolve in different characteristics of the system. Smith referred to this as the “society of perfect liberty” with characteristics of, regulation, production, competition, human motivation that organizes the market, “invisible hand” to operate efficiently with minimum government involvement, and the division of labor in the production of wealth. Marx referred to this as “capitalist mode of production” with characteristics of production,
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The book “Hard Times” contradicts Smith. Therefore, the criticism of how Smith views a market and an individual is related to the Industrial Revolution, a cause of the mechanization of human nature. Dickens suggests, that when an individual is forced to do the same task day in and day out they know nothing else. As a result there is no self-interests and competition. Dickens states, “Both rose, red and disconcerted. But, Louisa looked at her father with more boldness than Thomas did. Indeed, Thomas did not look at him, but gave himself up to be taken home like a machine” (Dickens 21). In other words, by Thomas not being educated and only knowing how to do one thing, he gives himself up. Thomas having no self-interest and competition enables him to learn more. As Smith mentioned, jobs that require a person to do the same task day after day makes you stupid. You can see how the poverty of individuals self-interests, competition and industrialization as well as how the effects of the Industrial Revolution are related to these factors in
The book “Hard Times” contradicts Smith. Therefore, the criticism of how Smith views a market and an individual is related to the Industrial Revolution, a cause of the mechanization of human nature. Dickens suggests, that when an individual is forced to do the same task day in and day out they know nothing else. As a result there is no self-interests and competition. Dickens states, “Both rose, red and disconcerted. But, Louisa looked at her father with more boldness than Thomas did. Indeed, Thomas did not look at him, but gave himself up to be taken home like a machine” (Dickens 21). In other words, by Thomas not being educated and only knowing how to do one thing, he gives himself up. Thomas having no self-interest and competition enables him to learn more. As Smith mentioned, jobs that require a person to do the same task day after day makes you stupid. You can see how the poverty of individuals self-interests, competition and industrialization as well as how the effects of the Industrial Revolution are related to these factors in