The Wealth of Nations, by adam smith and the Communist Manifesto by Karl Marx.. Please help?

Question

I am 15 and I need help. Can you tell me one similarity of the ideas of smith and marx.. Thanks in advance.

Answer 1

You should read them. They both had some interesting ideas and have had large influences on economic thought.

Answer 2

1

Answer 3

Even though both deal with economic analysis, it must be kept in mind that the two men lived a century apart.
While they both wrote about division of labor, production investments and costs, class conflicts, and accumulation of capital, industrialization was in its early stages in Smith's time, and Marx witnesses the excesses, the abuses, lack of protection for workers, child labor, 14-hour work days, etc.
For your assignment, even when you point out the similarities between the two, it may be a good idea to stress the different times they lived in and how societies and nations had different levels of economic development in the 18th and 19th centuries.

Answer 4

If this is your home work. You need to do some more reading and searching on the Internet.

Marxism is pretty much known in the world and studied in every part of the University


I am giving you some links. And than read it for yourself. Please! Really doing your self makes you smart! Gives you the power of an education!

Answer 5

Both subscribed to the Labour Theory of Value - ie: all wealth stems from labour.

http://en.wikipedia.org/wiki/Labour_theory_of_value