Adam Smith vs. Karl Marx
Side-by-side comparison of two thinkers
Adam Smith
Unknown dates
Adam Smith was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics", or the "father of capitalism", he is primarily known for two classic works: The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is regarded as his magnum opus, marking the inception of modern economic scholarship as a comprehensive system and an academic discipline.
"Secrets in manufactures are capable of being longer kept than secrets in trade."
Karl Marx
1867 – 1894
Karl Marx was a German philosopher, social and political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet The Communist Manifesto, and his three-volume Das Kapital (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence.
"In a higher phase of communist society, after the enslaving subordination of the individual to the division of labor, and therewith also the antithesis between …"
Connections
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