One might have same views, but what is different is that they approach them differently. Adam Smith and Karl marx are two economic philosophers best known for their social and economic thinking on how to drive an economy of capitalist views. These ideas in each of their works the Wealth of the Nations by Adam Smith and The Communist Manifesto by Karl Marx both portray their ideologies on how a society functions. These ideas still lives with generations and gives lineage to the capitalistic society we live in. However, the same ideas that these economic philosopher had drove to different conclusions on how a capitalistic society should function. Adam Smith a scottish philosopher who was born on June 16 1723. After a
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Karl Marx had an opposite view on how a society should work economically and it was not such of a capitalistic economy. Karl Marx was much of a communistic ideals in which he addresses in his book the Communist Manifesto. Karl Marx believed that in a capitalistic government the rich will only get richer and a disadvantage to the poor. Karl Marx argued and writes “The capitalist is always in a better position to negotiate a low wage for his workers.” In such way Karl Marx ideas were not similar to capitalistic views in any way, he believed that much of capitalistic views were to destroy the citizens. Karl Marx believes that goods and services is directly connected to the amount of labor required for its production. Most importantly, the two classes in society, the bourgeoisie(the wealthy capital owning) and proletariat(the poor working class) will forever be stuck in their same class because of capitalism. To illustrate such idea he developed the ideas of surplus values. Karl ideas of surplus values is the relationship between the worker and his product and the employer. Marx is saying that the worker will receive a salary of the amount of goods produced and the difference between the cost of labor and the price which the product was sold will be the profit. In such ways, the factories and stores should be taken from the capitalist and should be taken over by the workers. Karl Marx …show more content…
Since, Karl Marx and Adam Smith has voiced their ideas in an economic society, there has been changes to social class and labor. Much of Marx teaching has developed a dark side to him, however his theories are held within the economy today. Adam Smith had many advantages because he had positive ideals on how to work with the citizens. Much of the importance of economics has to do with consumers and their choices and Adam Smith has proved to make an economy better than Karl
Karl Marx had an opposite view on how a society should work economically and it was not such of a capitalistic economy. Karl Marx was much of a communistic ideals in which he addresses in his book the Communist Manifesto. Karl Marx believed that in a capitalistic government the rich will only get richer and a disadvantage to the poor. Karl Marx argued and writes “The capitalist is always in a better position to negotiate a low wage for his workers.” In such way Karl Marx ideas were not similar to capitalistic views in any way, he believed that much of capitalistic views were to destroy the citizens. Karl Marx believes that goods and services is directly connected to the amount of labor required for its production. Most importantly, the two classes in society, the bourgeoisie(the wealthy capital owning) and proletariat(the poor working class) will forever be stuck in their same class because of capitalism. To illustrate such idea he developed the ideas of surplus values. Karl ideas of surplus values is the relationship between the worker and his product and the employer. Marx is saying that the worker will receive a salary of the amount of goods produced and the difference between the cost of labor and the price which the product was sold will be the profit. In such ways, the factories and stores should be taken from the capitalist and should be taken over by the workers. Karl Marx …show more content…
Since, Karl Marx and Adam Smith has voiced their ideas in an economic society, there has been changes to social class and labor. Much of Marx teaching has developed a dark side to him, however his theories are held within the economy today. Adam Smith had many advantages because he had positive ideals on how to work with the citizens. Much of the importance of economics has to do with consumers and their choices and Adam Smith has proved to make an economy better than Karl