1 / 5

Philosophies in the Industrial World

Philosophies in the Industrial World. Capitalism, Socialism And Communism. Philosophers. Laissez-faire Owners of industry and business et working conditions without interference Adam Smith favor of laissez-faire Wealth of Nations Capitalism Economic system with private ownership

butch
Download Presentation

Philosophies in the Industrial World

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Philosophies in the Industrial World Capitalism, Socialism And Communism

  2. Philosophers • Laissez-faire • Owners of industry and business et working conditions without interference • Adam Smith favor of laissez-faire • Wealth of Nations • Capitalism • Economic system with private ownership • Thomas Malthus, An Essay on the Principle of Population • Population tended to increase more rapidly than the food supply • War and disease was necessary

  3. Capitalism • David Ricardo, Principles of Political Economy and Taxation • Underclass will always be poor • Abundant workers/ resources = cheap labor/resources • Few workers/resources = expensive labor/resources • Ricardo, Malthus ,and Smith were all laissez-faire thinkers

  4. Socialism • Government intervention • Utilitarianism- founder Jeremy Bentham • People should judge ideas, institutions and actions based on their usefulness • Government should promote the greatest good for the greatest number of people • John Stuart Mill led movement

  5. Marxism: Radical Socialism • The Communist Manifesto, Marx and Friedrich Engels • Haves (employers) vs have nots (workers) • Working Class = the Proletariat • Communism = a complete form of socialism in which all means of production – all land, mines, factories, railroads, businesses would be owned by the people. All goods would be shared equally.

More Related