Great Philosophers Like Adam Smith, Arthur M. Schlesinger Jr.

Milton Friedman and John Keynes are two world renowned economist, with many similar and contrasting views that have helped set the foundation of our economy. Friedman 's ideology on subjects such as the Monetary Policy, Gold Standard, and the Theory of the consumption function are what made him a extremely impactful economist. Keynes has made his impact on the modern day world as well in many aspects. Both of these economists have helped pave the way to a better, more efficient economy.

Contemporary economics are best explained by comparing two foundational thinkers that have contributed to the better understanding of liberalism, one being its proponent Adam Smith and the other being its most significant critic, Karl Marx. Both thinkers are profoundly important in locating and investigating the roots of neoliberalism as well as exploring alternatives ways to challenge neoliberal economics in the face of its post-cold war expansion as the inevitable and only alternative to redistribution and economic justice. This essay traces the emerging ideas of classical liberalism as articulated by Smith and their subsequent deployment in the debates that produced neoliberalism. In this context, Marx and Marxism are utilized to expose and deconstruct the shortcomings of both liberalism and neoliberalism and their limits in providing solutions to the structural symptoms of liberal and neoliberal capitalism.

There were many situations and events in history that led to wars, freedom of religion, civil unrest, unfair trade, terrorism, and independence. By examining experiences, troubles, and triumphs of

Throughout history, humanity has always yearned for better. When a leader, as an individual or an entire government, ceases to fuel their nation’s drive for better, the citizens take it into their own hands. From this sovereignty of the people, the idea of revolution is born. This idea has become prominent many times. One can analyze a country like France. Due to the government’s selfish actions, the third estate revolted. In countries like Brazil, Venezuela, and Mexico, the citizens were tired of strict rule from a power that is an ocean away. This caused the people in Latin America to revolt against their leader, Spain. Although the French and Latin American Revolutions both were inspired by the American Revolution and Enlightenment ideas, the French Revolution was vastly unsuccessful compared to the Latin American Revolution which brought freedom to many countries.

Adam Smith and Karl Marx both came from very different worlds, however they saw the world in similar ways. Both had thoughts derived from different views. Smith had a very capitalistic view on things, while Marx was socialist in many ways. They expressed their thoughts in ways that were surprisingly similar while other ideas were dissimilar. Ultimately socialism and capitalism can go hand in hand. One main idea that both works addressed was the productivity of work and the ability to accumulate property, stock and capital. They both wanted a wealthy nation but Marx believed that redistribution of wealth was the way to go. Smith believed in a free economic system that gave capitalists rights to accumulate their wealth.

Leadership is the most important quality for the head of any nation, or any other political leader. To be a good leader, you must have many attributes that qualify you for such a huge responsibility. There are good crisis leaders who would fail in a period of "calm." What is clear, is that leadership is a complicated concept. We have consistently found that good leaders have passion and values, confidence yet humility, knowledge and realism; Having these attributes and the ability to use them and develop them in others is the foundation for reaching goals and being successful in a leadership position. Henry David Thoreau and Niccolo Machiavelli are two men who have influenced some of the most influential people in the world, as the two were writing to different audiences, it 's easy to see why their ideologies might clash or unite; Henry Thoreau and Niccolo Machiavelli both use an abundant amount of rhetorical strategies in both of their stories, including ethos, pathos, and logos; both of the stories also have their fair share of differences.

Creative ideas are the foundation of the creative process (Goodman & Fritchie, 2011). To change the way a person thinks about an issue, or to find a solution to the problem is what many of the ideas revolve around. The level of greatness that each thinker is famous for is acquired throughout their life. There are a few things that all famous thinkers have similarities in that allow them to hold the position a “famous thinker.” Dr. Martin Luther King, Jr. (January 15, 1929-April 3, 1929) and Bertrand Russell (May 18, 1872-February 2, 1970) are two famous thinkers that are discussed in this paper. Each of these men changed the way people viewed the issues of the day through the creative

Human reason has been one of the guiding principles in our society since the beginning of time and because action is preceded by thought, these two go hand in hand. Every choice we make is based on our thinking process, differentiating between what is good or bad, and contemplating cause and effect. Machiavelli, Locke, and Marx all have distinct conceptions of human nature, which has led to a variety of conclusions regarding the political structures of society that still have resonance today, which goes to show how much of an impact their theories have.

Revolutions hundreds of years ago were bloody. The American Revolution, the French Revolution, and the Haitian Revolution are all examples of violent revolutions. These revolutions were initiated by disagreements between state and citizen. Due to the lack of fast communication between citizen and state at the time, the only way to inaugurate change was to fight.

Martin Luther King Jr. once said, “ Our lives begin to end the day we become silent about things that matter.” Mr.King completely understood that silence will not change an injustice. An well-known and successfully way of not remaining silent and passive is through revolution. A revolution is the forcible overthrow of a government or social order in favor of a new system, usually with better with better rules and regulations. Karl Max once said, “ Revolutions are the locomotives of history.”

Many nations across time and the world have experienced a revolution. From the American revolution to the French revolution, history has proven conflict can engage a nation at any moment. Tanter explains that two possible scenarios, changes in the economic development and the level of education are likely to cause revolutions (Tanter 264). A revolution can be composed of a group of individuals who are willing to make the ultimate sacrifice in exchange for change in the existing

Tilly has so many main arguments about what the “contenders” of a revolution are. Realignments, conflict, and repressive policies will lead to a revolution. Causes of revolutions can be seen as the structure of power, alternative concepts of justice, the organization of coercion, the conduct of war, the formation of coalitions, and the legitimacy of the state. Tilly shares a few similarities with Huntington in these ways, since Huntington’s main arguments are towards adaptability, age/longevity, legitimacy and stability, complexity, autonomy and coherence. However, one can see differences when comparing Tilly to Huntington. Tilly claims that population growth, industrialization, urbanization, and other large-scale structural changes do affect

British comedian, actor and writer David Mitchell once wrote that “all revolutions are, until they happen, then they are historical inevitabilities.” This roughly means that all revolutions are fated to happen whether mental or physical. This connects to Junot Diaz’s novel, The Brief Wondrous Life of Oscar Wao, because in it Diaz argues that all forms of colonization and oppression creates rebellion. He weaves this argument with Oscar’s characterization, the conflict between mother and daughter, Oscars’ “Last Laugh”.

For example, when a good is scarce, the prices goes up, so consumers try to avoid buying and therefore conserving the resource. Then, the suppliers want to find more of the source as to get a better profit. The reasons behind their actions are selfish, yet they benefit all of society. Smith identified that the pursuit of profit and the power of self-interest would increase motivation and result in more advances in technology. His model of capitalism was on the basis of freedom and selfishness as a motivator for society. It was also on the basis that the economy would go through recessions and expansions but fix itself. Recessions are periods in the economy in which unemployment goes up, while profits and spending goes down; a slowdown of the economy. An expansion is essentially the exact opposite. The classical model of economics states that the economy will continue to go through these fluctuations over time and will fix itself with no help, thus not needing a government to give influence.

There is perhaps not a more famous ongoing dialectic argument in the field of political economy than the one between Adam Smith and Karl Marx in regards to capitalism. The two thinkers, although coming to radically different conclusions about the outcomes of the capitalist system for all parties involved, agree on a surprising number of ideas such as labor being the source of commodities’ value, as well as the fact that the division of labor increases productivity. However, their different conceptions of what determines the price of a commodity, the driving force behind and the effects of the division of labor, and the purpose of the capitalist system have widespread implications that cause their holistic arguments to diverge considerably.