Adam Smith 's The Magnum Opus Wealth Of Nations

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Two men, two novels separated by nearly a century both examine the importance and the demands of the labor and its eventual effects on the economy. Adam Smith published his magnum opus Wealth of Nations in 1776. In this novel, he sought to detail his concept of the division of labor, a novel theory that could further the productivity of the labor market. In Capital, Volume 1 published in 1867, Karl Marx takes a much different stance on division of labor. Writing nearly a century after the publication of Wealth of Nations, Marx is in the position of the critiquing Smith’s revolutionary concept of division of labor. Instead of praising Smith, Marx sees the current state of labor and the capitalist model of society as degrading to the laborer. For each man, production is composed of three main components: the laborer, the employer—or to Marx, the Capitalist, and the machinery. Through analysis of these two novels, one can see that the two present very polarizing views on the potential of the division of labor. For Smith, the division of labor is hypothetical given the fact that it is his concept, and therefore, Smith praises the theory for its potential. Marx, writing one hundred years later, has witnessed the reality that is the division of labor. His own perspective on how division of labor, an essentially modern concept, was that the practice was in fact damaging to the society. One factor in particular that divides Smith and Marx on the premise of labor is
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