Capitalism Midterm

Surplus Value

Alienated Labor

Species being

Comparative Advantage

Division of Labor

Mode of Production

Forces of Production

Relations of Production

Lockean Proviso

Labor Theory of Property

Labor Theory of Value

Smith’s view of human nature

manorial system

Private Property Rights

Laissez faire

Marx’s justice in distribution

In the Manifesto, what do Marx and Engels argue about the Critical-Utopian Socialists? Why do they find the socialism of Owen, Saint-Simon, Fourier and others (497) deficient? How does their own revolutionary program correct for the deficiency?

Why did Britain industrialize first?

When did market capitalism arrive in its robust form? Why did it historically appear when it did? Please justify your view.

What is Marx's view of the liberal state? Please explain it.

To what extent does Adam Smith's view of "the invisible hand" survive Marx's critique of capitalism?

Compare Karl Marx and John Locke on the question of human freedom. What do they agree upon? What do they disagree about?