Capitalism Midterm

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22 Terms

1

Surplus Value

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2

Alienated Labor

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3

Species being

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4

Comparative Advantage

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5

Division of Labor

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6

Mode of Production

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7

Forces of Production

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8

Relations of Production

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9

Lockean Proviso

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10

Labor Theory of Property

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11

Labor Theory of Value

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12

Smith’s view of human nature

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13

manorial system

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14

Private Property Rights

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15

Laissez faire

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16

Marx’s justice in distribution

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17

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?

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18

Why did Britain industrialize first?

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19

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

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20

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

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21

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

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22

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

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