WYL Questions on Philosophy and Industrial Revolution.docx...

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Jessica Diaz 9/15/19 What You Learned: Philosophy and the Industrial Revolution 1. What did Adam Smith mean by “laissez-faire?” Laissez-faire means hands off which an economy will function best with least government interference. The economy will have their own internal logic and left on its own will provide the greatest amount of resources, goods and service for the greatest number of individuals. 2. What did Malthus say about human population and food production? The human population was exponential which will cause a huge growth. The ability to produce more food to feed ourselves was incremental, he argued there are shortages are a simple fact of nature and will always be not enough. Competition in natural population such as war, disease and the inability of others to survive because they are unable to compete and suffer from poverty, these were natural processes of nature. 3. What is socialism? Socialism means that the government should equalize the economic plane field.

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