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His of Civ 1 exam

John Locke (1690) Two treaties on civil government; "if we have natural law we have predictability" ; Natural state; To be a contract both sides has to do something & MUST have certain terms.Believes human beings to have natural rights
John Locke's natural rights 1.) Life 2.) Liberty 3.) Property
Baron De Montesque (French) Thinks government by its nature tends towards unlimited ; thinks if you want a limited system you need checks and balances
Adam Smith Wrote wealth of nations ; Humans try to benefit themselves; agrees with laissez-faire
Invisible Hand People seeking to benefit themselves but unintentionally benefit others ; society as a whole does better
Laissez-faire obstacle to natural course of economics ; puts stop to not only self but too everyone ; in way of people seeking own enrichment
Davies Model Quick Dynamic Change, AAA ; Adaption, Adjustment, Absorption ; distinct, built; can tell a difference but still built upon; significant b/c determines when you have the next period pf change
Putting Out System Made by hand ; systematic change in production; paid by what you put out; by 2nd phase industrialization the putting out system is done
Elements of putting out system 1.) domestic (make it in their homes) 2.) personal control (over manufacturing and production) 3.) hand (handicraft;by hand)
Domestic Economy Sum total of economic production of your household
Holding company example: disney is a holding company; limited liability stock; companies raise much more money b/c people can limit their risk; late 1800s
horizontal monopoly
vertical monopoly
Karl Marx says government should own the factories & means of production
David Ricardo was looking at the worker, pay, and work conditions (iron law of wages)
Iron Law of Wages Contract market (government has no role to play in private contract)
Utopian socialism
"The Vicious Cycle" (of industrial society according to Socialist thinkers)
Robert Owen Early socialists; proposed establishing model communities for workers and their families; believed industry and technology could and would enrich humankind if they were organized to the proper principles; environment was the principal shaper of character
Thomas Malthus
Henri de Saint-Simon
John S. Mill
Cesare Beccaria
Rene Descartes
"Wealth of Nations" Adam smith wrote
Sadler Commission End of the first world war investigation into Indian University Education ; children were employed in factories
Galileo Galilei