What are differences between Adam smith and Karl marx?

Answer 1

One way that Adam Smith and Karl Marx were similar was that they both were able to predict the future and do it very accurately. They were able to make their predictions by studying the economy.

Answer 2

Marx got many of his basic ideas from Smith, but Marx always said that Smith and the other classical economists were very ahistorical, undialectical and aproached capitalism from the perspective of the bourgeoisie. Marx said that they simply took capitalism for granted and did not view as it should be viewed, as a mode of production that is ever changing and the result of a historical process that one day will fall just like feudalism.

Answer 3

Adam Smith was a proponent of capitalism and believed in free markets, individualism, and the invisible hand of the market. Karl Marx, on the other hand, was a socialist who believed in the abolition of private property, the redistribution of wealth, and the eventual establishment of a classless society through revolutionary means. Smith focused on the importance of economic self-interest, while Marx criticized the exploitation of labor by capitalist owners.

Answer 4

I dont know but you should