Euro Civ 02/09/05

Industrial Revolution : Industrial Theories : Reading Guide

The Liberal Response
Adam Smith’s The Wealth of Nations (141-143)

What is the invisible hand?

What is the proper role of government in a nation’s economy, according to Smith?


Thomas Malthus’ On the Principle of Population (143-145)

What are the “fixed laws” of human nature, according to Malthus?

Compare the laws which govern the growth of population with the laws which
govern the growth of the food supply, according to Malthus.

 The Socialist Response

Karl Marx & Friedrich Engles The Communist Manifesto (183-189)

In what ways has the bourgeoisie been a progressive force in history, according to Marx?

Describe the vicissitudes of the proletariat.

What does Marx want Communists to do?