06-03

Which of the following is a true statement?

Use the following excerpt from Letter to Vera Zasulich (1881) to answer the question below: "To save the Russian commune, a Russian revolution is needed." Source: English translation of Letter to Vera Zasulich Creative Commons License Who is most likely to have made this statement?

Use the following excerpt from Robert Owen to answer the question below: "Train any population rationally, and they will be rational. Furnish honest and useful employments to those so trained, and such employments they will greatly prefer to dishonest or injurious occupations. It is beyond all calculation the interest of every government to provide that training and that employment; and to provide both is easily practicable." In what way might Adam Smith have disagreed with this statement?

Use the following excerpt from Wealth Of Nations to answer the question below: "The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it." How does the view expressed in this excerpt compare with communist ideology?

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

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

In the following statement, Adam Smith comments on the individual who uses domestic industry and labor. Use Smith's statement to answer the question below: "...he intends only his own security... he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention... By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." How does Smith's view of the economy expressed in this excerpt compare to Owen's?

Use the following statement by Robert Owen to answer the question below: "...but I know that society may be formed so as to exist without crime, without poverty, with health greatly improved, with little if any misery, and with intelligence and happiness increased a hundredfold: and no obstacle whatsoever intervenes [interferes] at this moment except ignorance to prevent such a state of society from becoming universal." What is one reason why Marx would disagree with this statement?