Transcript Chapter #5 Section #4 New Ways of Thinking Key Terms
New Ways of Thinking
utilitarianism socialism means of production communism proletariat social democracy
Laissez-faire economics A. Adam Smith and free enterprise.
Malthus holds bleak view A. Thomas Malthus predicted that population would outpace food supply.
2 B. David Ricardo shares view.
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?