History 1807 Lecture Notes - Lecture 24: John Stuart Mill, Thomas Robert Malthus

• School: Western University
• Department: History
• Course: History 1807
• Professor: Jeffery Vacante

Document Summary

Democratic governments speaking on behalf of the people. Challenge in smiths idea due to poverty in the 19th century. Poverty is growing due to industrialization, and more people moving to. Adam smith said that poverty would be eliminated, therefore fewer urban markets. Being paid low wages, and being less productive people are believing him. John stuart mill was one of the giants of 19th century thoughts were not practical in reality thinking on distribution. Thomas malthus disagreed with adam smith, as he suggested that. Smith suggested that the more the market is in control, the more able poverty is growing, and the free market is to blame people are able to sustain themselves, and achieve the wealth of nations. Malthus said that when people get more money, then the greater poverty is going to occur. With more money, you have comfort, and then spend more money, have children, and with children people are going back to poverty.