William Thompson


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Thompson, William

 

Born circa 1785, in Rosscarbery; died Mar. 28,1833, in Clounksen. Irish sociologist and economist.

Thompson was a Utopian socialist and a follower of R. Owen. An adherent of D. Ricardo’s labor theory of value, he was a vehement critic of capitalism. In opposition to the existing social system, Thompson proposed his own humanistic ideal. He defined capitalism as “institutions of insecurity” based on the dominance of capital, exploitation, social humiliation, and the bondage of the proletariat. The workers’ exploitation was, in his view, a result of the bitter struggle between owners and producers. In Thompson’s words, “The greater the profits from capital—other circumstances being equal—the lower must wages be” (Untersuchung über die Grundsätze der für das menschliche Glück gunstigen Verteilung des Reichtums, vol. 1, Berlin, 1903, p. 407).

Proposing a population theory that differed from that of T. R. Malthus, Thompson held that in the process of economic development human reproduction is increasingly subject to the control of reason, and that absolute population growth is accompanied by a relative population decrease as compared to total available resources. Thompson brought to light the conflict between the productive forces and capitalist accumulation and distribution—a conflict that determines the limits of development of capitalist production. While he stressed the idea that “social capital” would inevitably pass into the workers’ hands, Thompson mistakenly believed that this could be brought about by peaceful means and without abolishing private property.

WORKS

An Inquiry Into the Principles of the Distribution of Wealth. London, 1824.
Labor Rewarded. London, 1827.
Practical Directions for the Establishment of Communities. London, 1830.

REFERENCES

Marx, K., and F. Engels. Soch., 2nd ed., vols. 4, 23, 24, and 46, part 2.
Fal’kner, S. A. Proiskhozhdenie zheleznogo zakona zarabotnoiplaty, 2nd ed. Moscow, 1925.

IU. A. VASIL’CHUK

References in periodicals archive ?
William Thompson, NYC Comptroller's has argued in a lawsuit against the city of New York that Snapple should not have been given that concession by the city's Marketing Development Corporation (MDC).
They are: Stephanie Clark, Neilston; Alistair Gray, Glasgow; David Trussler, Blantyre; Martin Urquhart, Glasgow; Kirsty McWilliam, Kilmarnock; Greg Middleton, West Kilbride; Connor Quinn, Edinburgh; Craig Reid, Inverkeithing; Stephen Lawrie, Kilsyth; Lindsey Mackay, Glasgow; Jordan Cringles, Carluke; Lewis Murray, Lockerbie; Lee Thomson, Leven; Colin Cairns, Glasgow; Leigh Swan, Brechin; Fiona Brown, Glasgow; Matthew Thompson, Wishaw Craig Marks, Neilston; Barry Richardson, East Kilbride; William Thompson, Glasgow; Jennifer Piggott, Greenock; Alan Piggott, Greenock; Scott Hamilton, Glasgow; Scott Montgomery, Paisley; Marcus Nash, Glasgow.
William Thompson, New York City's comptroller and custodian of five city worker pension funds that collectively own over $1 billion in ExxonMobil shares, says the company has not responded to the resolution that the funds filed this year.
This past April, NWOM joined a coalition of activists asking New York City Comptroller William Thompson to stop accepting Lehman's issuance of city bonds until the investment bank ceases work with the private prison industry.
They allow UStec to be the first structured wiring company to offer the best of both worlds -- a hard-wired broadband network combined with wireless technologies, making all electronics throughout the house accessible by the Everex Portable Web Tablet and other wireless devices," said William Thompson, president of UStec.
As senior officials prepared to ask for an early meeting with the government's two appointed arms inspectors, the West Tyrone Ulster Unionist William Thompson claimed Mr Trimble's future as leader will be put at risk if he asks the party's ruling council to vote for a return to Stormont.
William Thompson said before the 50-minute service.
God somehow became knowable," explains William Thompson, professor of theology at Duquesne University in Pittsburgh, Pennsylvania.
There have been instances where the tests are not done as carefully as they should be," says William Thompson, a law professor at the University of California at Irvine.
Moore, Emma Hall, William Thompson and Joycelyn Elders.
KENNETH WILLIAM THOMPSON (Deceased) Pursuant to the Trustee Act 1925, notice is hereby given that any persons having a claim against or an interest in the Estate of the above named, late of 5 Green Lane, Thornaby, Stockton on Tees TS17 8PS, who died on 25/10/2014 are required to send written particulars to the undersigned on or before 7/4/2015, after which date the Estate will be distributed having regard only to the claims and interests of which they have had notice.
Music William Thompson Funk Experiment with special guests Jabooda, 8 p.