In what way might Adam Smith have to disagree with the statement

"... but I know that society ... society from becoming universal."

What is one reason why Marx would disagree with this statement?

This statement ignores the process of revolution.

Which of the following correctly compares capitalism, socialism, and communism?

Capitalism values the market and the individual, while socialism and communism value society collectively.

"To save the Russian commune, a Russian revolution is needed."

Who is most likely to have made this statement?

Karl Marx

Which of the following is a true statement?

Socialists like Robert Owen favored a more even distribution of income.

Against what backdrop did the rise of ideologies of capitalism, socialism, and communism clash?

The Industrial Revolution

Which of the following systems believes that the role of the government is only to promote competition and provide public goods?

Capitalism

"Capital is reckless of the health or length of life of the laborer, unless under compulsion from society."

In what way is this statement consistent with the ideas of Adam Smith?

Smith knew that the invisible hand of the market was not concerned with the health of the laborer.

Which of the following systems advocates that the suffering of the worker should be made lighter through intervention by the government?

Socialism

"The statesman who should attempt ... enough to fancy himself fit to exercise it."

How does the view expressed in this excerpt compare with communist ideology?

This view differs from communism because it argues against government control of the economy.

"Train any population rationally ... and to provide both is easily practicable."

In what way might Adam Smith have disagreed with this statement?

Smith believed that the government's role was very limited.

" ... he intends only his own security ... when he really intends to promote it."

How does Smith's view of the economy expressed in this excerpt compare to Owen's?

Smith believes individuals acting in their self-interest will lead to the maximum social benefit, while Owens does not.