Karl Otto Koch

Since the beginning of the Industrial Revolution in England, many historians and economists, such as David Ricardo, Thomas Malthus, Karl Marx and other contemporary thinkers tried to figure out how to improve living standards of the working poor in a capitalist Industrial system. Though there are some disagreements about the effects of Industrialization on living conditions, it is safe to say that the industrial revolution was made possible through the sacrifice, dehumanization and sufferings of…

Throughout history, conflicts arise over various issues. Some of which include power and status. Whether it be people abusing, manipulating, or gaining power there are always darker alternative motives. In this case, a prime example of power being used unjustly can be found in Ken Kesey’s One Flew Over the Cuckoo’s Nest. Where society is based on the oppressor, the Combine consistently keeps the people restrained, resulting in conflict among the two. Chief Bromden’s schizophrenic episodes…

“God bless you, and God bless the United States of America” – Ronald Regan (Goldenthal 2015). Is our modern capitalist society where wealth is earned and maintained by private individuals originated from religion, specifically Christianity? Max Weber believed that religion played a central role in the western world’s economic development (Ritzer & Guppy 2014). In the article “God Bless America: How Christ became Central to Capitalism and US politics”, Goldenthal (2015) discussed the idea of how…

of the societies accepted this change and became what was known as the capitalist society. Many theorists attempt to explain and simplify these social changes. Among them were two of the most influential thinkers of the 20th century, Karl Marx and Emile Durkheim. Karl Marx was born on May 5, 1818 in Trier, Prussia. He was a well-known philosopher, economist, sociologist, journalist, and revolutionary…

Capitalism is a social system that begins with producing and distributing goods that are owned by a few people. It also starts with purchasing and selling labour power. In order to increase the capital, the capitalist must purchase labourers to create more profit. The more profit they produce the greater the accumulation of capital there would be. Even though capitalism helps to increase profit, it makes the social division of labour less benefit to the society which changes the meaning of…

Part 2: Essay. Describe the argument that inequality constrains a consumer society. Inequality refers to the inequity of members of a consumer society, a society that is built around consumption, the buying and selling of goods and services, to consume equally and the inequity placed onto other societies by a consumer society. Not all members of a consumer society can indulge in the choices and freedoms that are said to exist in a consumer society as they are constrained by various factors…

not fully believe in a complete abolition of Capitalism. Marx just pointed out a few of the Capitalist economy problems and believed in economics as a whole rather than a class system. The First Year Seminar Course facilitated my efforts to discover Karl Marx’s true economic beliefs in the “Communist…

To perform a critical assessment of Easterly’s assertion that: “The conventional approach to economic development, to making poor countries rich, is based on a technocratic illusion: the belief that poverty is a purely technical problem amenable to technical solutions [and that it] ignores… the real cause of poverty – the unchecked power of the state,” one must dissect Easterly’s comment into two parts: 1) the wrongs of the technocratic solution and 2) the viability of the argument that it is…

During the Industrial Revolution the world as we know it today started to take form. New inventions were becoming developed at a very rapid speed all over the world. At the end of the nineteenth century the telegraph, camera, and electricity was invented (Fiero, 2015). This period brought forth many goods and job opportunities for the economy. These inventions were not the easiest to produce until the Industrial Revolution came about and switched the production from people to machines. A group…

Adam Smith and Jean Rousseau both at unique ways at looking at social thought. Smith is the father of modem economics. Smith’s ideas are more focused on relationships between economics and society. Rousseau was a social and political philosopher. His ideas were linked to social unequally within society. Smith was apart of the Scottish enlightenment and was very worried about the wealth of the nation. Also he worried about the social consequences of the divisions of labor. Smith thought that…