How did Robert Owen's and Adam Smith's philosophies differ?. . Smith championed the idea of universal education to promote harmo
ny.. . Smith supported a more even distribution of income than Owen.. . Owen believed that economic production should be controlled by the government.. . Owen wanted to let the \"invisible hand of the market\" guide the economy..
Owen was an important figure in the development of anti-capitalist sentiment, while Adam Smith was the father of capitalism.
Smith wrote a book called "The Wealth of Nations" that promotes the critical and controversial view that the pursuit of commercial self-interest without government interference yields the greatest improvements in general welfare. He said that we should recognize that the commercial exchange benefits all participants, and that good is done by allowing self-interest free rein under the rule of law.
Rober Owen was a Welsh social reformer and one of the founders of utopian socialism. He is best known for improving the working conditions of his factory workers
These goods and services are referred to as "public goods and services". These services are available to all citizens and visitors of the US, and are paid for with tax revenue.
The industrial revolution made machine-based manufacturing more common and increased the population and average income. Factories were not regulated by the government,so they could treat their workers however they wanted.
