1. Adam Smith and Thomas Malthus
The economic theories developed by Adam Smith (1723-1790) and Thomas Robert Malthus (1766-1834) provided rational explanations for social developments in the Industrial Revolution. Like the philosophs of the Enlightenment, both Smith and Malthus used reason to postulate abstract theories on aspects of society such as economics and population. By examining the emerging factory system, Smith postulated two primary economic theories, the ... stem from the Enlightenment ideal. During the Enlightenment, the notion of social progress was first defined and applied by the philosophs. Progress was th...
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- Approx Pages: 4
- Grade Level: Undergraduate