Marx and Smith Term Paper by ResearchRiter

Marx and Smith
An overview of Adam Smith's and Karl Marx's economic theories.
# 120926 | 3,500 words | 30 sources | MLA | 2008 | US
Published on Dec 01, 2008 in Economics (General) , Labor Studies (General)

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An account of the labor theory of value and how it evolved from the classical school of economics to the Marxist view, with a focus primarily on Adam Smith and Karl Marx.

From the Paper:

"There is a view that the economic theory in Adam Smith's "Wealth of Nations" has no place for the moral discourse of Smith's "Theory of Moral Sentiments" (Brown) It is undoubtedly accurate to assert that economic theories of Adam Smith and David Ricardo treat economic processes as a specialized science where wealth, poverty, labor value, property and all its other paraphernalia appeared as strictly economic conditions and relations. (Marcuse) Especially if the classical approach to economics is contrasted with that of social theorists who see economic conditions as fundamentally determinant..."

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