Economic & Social Philosophers

Who developed laissez-faire economics as an economic philosophy?

• Adam Smith

• Karl Marx

• John Locke

• Louis XVI

What is the basis of Capitalism?

• welfare programs

• a democratically elected leadership

• high taxes

• private ownership of the means of production

Which were the classes created by early capitalism?

• aristocrats and peasants

• lords and ladies

• bourgeoisie and proletariat

• workers and owners of capital

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What did Marx predict for the future?

• The poor would all be killed by the rich

• The poor would realize that they had no power

• The workers would rise up and overthrow the Capitalist system

• education and personal development would bring about a peaceful transformation

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What was originally the central idea of Communism?

• free communication for everyone

• communal ownership of means of production

• all factories and land would be destroyed

• oppression of the rich by the poor

What was the goal of communism, according to Marx?

• the oppression of the working class

• a more equal and fair society

• making everybody rich

• making everybody poor

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Population rises geometrically, food production arithmetically. Governments should not intervene in natural cycle of misery

• Thomas Hobbes

• Thomas Malthus

• David Ricardo

• Adam Smith

Iron Law of Wages. When wages go up, people have more kids. In the long run wages will tend to only sustain the life of the worker.

• Thomas Hobbes

• David Ricardo

• Thomas Malthus

• John Stuart Mill

Who does utilitarianism try to get the best outcome for?

• the individual

• the boss

• the greatest number of people

• the poor

"Small communities properly organized can offer citizens ideal working and living conditions." This quote describes

• Utopian Socialism
• Capitalism
• Marxism
• Communism