7.4 REVIEW

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Thomas Malthus

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British economist; wrote An Essay on the Principles of Population warning that the population would outgrow the food supply

Front

Jeremy Bentham

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British philosopher and economist who advocated utilitarianism. Society should bring the greatest happiness to the greatest number of people.

Front

Utilitarianism

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The idea that the goal of society should be 'the greatest happiness for the greatest number of citizens,' and that this should be the basis for judging all laws

Front

Most middle-class capitalists agreed with Smith’s __________ approach to capitalism.

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Middle-class capitalists supported Smith's laissez-faire approach.

Front

Adam Smith

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Supported free markets. Wrote The Wealth of Nations

Front

Gloomy predictions of Thomas Matlthus and David Ricardo caused people to called economics this

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the dismal science

Front

Like Malthus, Ricardo saw no hope for the working class to escape_________.

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Ricardo, similar to Malthus, believed the working class could not escape poverty.

Front

Advised the poor to be thrifty, work hard, and have fewer _____________

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Ricardo and Malthus advised the poor to save money, work diligently, and limit the number of children.

Front

Other thinkers, such as Jeremy Bentham, believed there should be some government ______________ in the economy.

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EXPLANATION Bentham believed that the goal of society should be "the greatest happiness for the greatest number of citizens." This idea was called utilitarianism. Laws should be judged by their utility to benefit people.

Answer INTERVENTION

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One follower of Bentham He called for giving workers and women the right to vote and freedom.

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John Stuart Mill