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What is Karl Marx's view on Adam Smith?

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Karl Marx. Adam Smith vs Karl Marx. Amongst the most influential and prominent economists of the last few centuries, Adam Smith and Karl Marx, are noted for their distinct theoretical contributions. read more

Up to a certain point, they are very similar. Both think that capitalism unleashes productive forces that vastly exceed what any prior economic system had been able to summon up. read more

Karl Marx Adam Smith vs Karl Marx Amongst the most influential and prominent economists of the last few centuries, Adam Smith and Karl Marx, are noted for their distinct theoretical contributions. read more

Karl Marx wrote about capitalism in a very different way than Adam Smith. Whereas Smith saw the maximizing of self-interest resulting in a state of equilibrium, Karl Marx saw exploitation, or a situation where an individual is not receiving benefits to meet his or her needs. read more

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