Chapter #5 Section #4 New Ways of Thinking Key Terms

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Transcript Chapter #5 Section #4 New Ways of Thinking Key Terms

New Ways of Thinking

      utilitarianism socialism means of production communism proletariat social democracy

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Laissez-faire economics A. Adam Smith and free enterprise.

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Malthus holds bleak view A. Thomas Malthus predicted that population would outpace food supply.

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2 B. David Ricardo shares view.

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Utilitarians for Limited Government

What did John Stuart Mill see as the proper role of government?

Socialist Thought Emerges

What did early socialist believe?

Karl Marx Explains Class Struggle

What did Karl Marx predict was the future of the proletariat?

Marxism in the Future

How accurate did Marx’s predictions about social classes prove to be?