Economic Growth: Karl Marx And Adam Smith

Karl Marx and Adam Smith couldn’t be more different in their views on how economic growth could improve the material well being of the working-class. Marx believed economic growth came at the backs of the proletariat, and that most growth is horded by the bourgeois, only beneficial to the capital elite and added to commodity fetishism. While, Adam Smith believed greater national output was beneficial to everyone, raise all boats with the tide, and increase the wages of the working class, too. The difference lies in the two economists view on whether or not labor is exploited and the role of capital accumulation in that exploitation.
It is best to compare Carl Marx’s, The Law of Motion of Capitalism, to Adam Smith’s, Theory of economic Development,