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| factors for industrialization |
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-water power and coal
iron ore
rivers
harbors |
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| let industry regulate itself |
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Definition
wrote the wealth of nations
government shouldn't interfere in industry
law of self interest-people work for their own good
competition-forces better products
s&d-enough goods would be produced at low prices to meet demand |
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Definition
| An Essay on the Principle of Population- population increases faster than food supply... |
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Principles of political Economy and Taxation
permanent underclass would always be poor |
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Definition
| along with Sint-Simon, thought up Socialism |
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