classless Society

Labor theory of Values-Workers own Factories

Communist Manifesto

Mathematical Equation and relation to demand

Supply And Demand

Artificial Market Process

Population should be controlled

Over Population wxceed food supply

Increased Population= More Powerful Economy

Causes of unemployment- Altered governments role in economy

Minimun wage to keep economy strong

Government should keep spending even in bad times, to keep economy going

Invisible Hand

Self interest

Theroy of Moral Sentiments(ethical conduct that hold society togehter)

opposed national Income Taxation

Monetarism(money and prices)

Matematical equation(Used today in making the cost for consumption taxes)

Inflation caused by banks printing too much money

Free trade- making products in foreign countries for cheaper

Theory of Rents-Landowners gain from productive land but farmers do not

Conspicuous Consumption is a problem

Social,cultural causes, and effects on the economy

Socialism:Community should share the wealth

Machines shoud not make people lose jobs

All should share work; should have a good standard of living

Microeconomics: law of supply and demand ( Not Practical)

Consumer surplus: related to theory of supply and demand

taxation:idea of welfare

• Income Distribution in a society can be changed

• Inheritance taxation

• Mandutory Education