The Writings Of Karl Marx, Adam Smith, And Andrew Carnegie

A nation is just a vast establishment, where the labour of each, however diverse in character, adds to the wealth of all. Two brilliant people of their time are both respected in their views for creating a near perfect society where everyone is happy. Adam Smith, a respected Scottish political economist philosopher born in 1723, had the goal of perfect liberty for all individuals through the capitalistic approach. While Karl Marx, born in 1818, believed in individual freedom for society and intellectually criticized capitalism giving reasons as to why it was irrational and why it would fail. Adam Smith’s very first sentence claims that, "The greatest improvement in the productive powers

Karl Marx believes that a capitalistic society separates the rich from the poor. corporations that holds the money hold the power to dictate whether certain fucntions of society.

Karl Marx and Adam Smith wrote in the same time period – during the industrial revolution, where the bourgeois had risen to power by oppressing and exploiting the proletariat. The term bourgeois refers to the people in the class of modern capitalists, owners of the means of social production and employers of wage labor. The proletarians are the people in the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live. While Smith, in his Wealth of Nations, wrote in favor of capitalism, Marx, in his Communist Manifesto, was a harsh critic of the system and declared its inevitable destruction and consequent rise of the working class.

Modern economic society can be described as a combination of certain points from several theories combined into one. Changing dynamics and economic needs of nations has spawned a development of various, and contrasting, economic systems throughout the world. Perhaps the two most contrasting philosophies seen in existence today are that of capitalism and communism. The two philosophers most notably recognized for their views on these economic systems are Adam Smith and Karl Marx. This paper will identify several fundamental aspects of economic philosophy as described by Smith and Marx, and will compare and contrast the views of these

“All previous historical movements were movements of minorities, or in the interest of minorities. The proletarian movement is the self-conscious, independent movement of the immense majority. The proletariat, the lowest stratum of our present society, cannot stir, cannot raise itself up without the whole superincumbent strata of official society being sprung into the air.” (Page 222). Karl Marx wrote The Communist Manifesto. This is a really important essay. It has three sections in the book that I read it from. Robert B. Reich wrote Why the Rich Are Getting Richer and the Poor, Poorer. This was widely discussed and still is. That is how important this essay it to people. These two essays are about economics. They may not agree on things, but they are both respected and discussed in many colleges. According to Aijaz Ahmad, “Earlier texts include passages and entire sections of great originality. However, virtually all of them are written in opposition to some particular writers or tendencies, i.e., Hegel and the others we have mentioned above. This kind of focused criticism is continued in the latter section of the Manifesto as well, but the memorable first part can be viewed as perhaps the first of Marx 's texts that is written entirely in the declarative, in opposition to not this or that thinker, this or that tendency in thought, but in opposition to bourgeois society as a whole.

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.

Marx thought of capitalism in a pessimistic way, he saw the relationship between the employee and employer in a capitalistic society as toxic. To Marx, in a capitalistic society the employee would always be at a constant struggle for power be never endlessly repressed by the bourgeoisie. The employer would pay employees only what they needed to survive making it impossible to move up in class or society. He also recognized that in capitalism everything becomes corporatized. Things like marriage go from a sacred bond between two individuals that once never included money or the government, to something that is regulated by the national government and must be done through the federal court and include ties between the individual's financial status. Small businesses would also become corporatized, a local family doctor has now become part of a larger practice that brings in complex forms of payment such as insurance instead of simply paying a small family doctor directly. He also goes into the downfall of capitalism. The way capitalism works is through a series of economic highs and lows, each high is marked by prosperous times, high employment rate, and overall happiness. But the lows are marked by deterioration of the national economy, low employment rates, and struggle for all classes. To Marx’s these highs and lows are what's killing capitalism with each low being worse than the last until the people revolt and create a new form of government. The next would be socialism and once this fell like capitalism, the new governing system would be communism. Communism is an ideal system where people are never struggling for money and are paid based on their needs rather than their particular job. Through this system a

Karl Marx developed a new system, a more strict society in which could benefit the people which is the most realistic system called Communism. Karl Marx made a more strict socialism since he disliked capitalism. Communism is a form of socialism advocated by Karl Marx. All property is publicly owned and operated by the government. The workers worked for the public government, since all is controlled by the government all wealth is controlled and no individual profit is made only community profit.

Marx viewed society as a conflict between two classes in competition for material goods. He looked at the history of class conflicts and determined that the coming of the industrial age was what strengthened the capitalist revolution. Marx called the dominant class in the capitalist society the bourgeoisie and the laborers the proletariat. The bourgeoisie owned or controlled the means of production, exploited laborers, and controlled the goods produced for its own needs. He believed that the oppressed class of laborers was in a position to organize itself against the dominating class. He felt that it was the course of nature, that is, it is the way that society evolves and that the communist society would be free of class conflict, "the free development of each is the condition for the free development of all." (Marx & Engels 1948, 37)

During the nineteenth century, Karl Marx and Andrew Carnegie had definite opinions about the affects of industrialization on society. A greater understanding of their views on history and humanity can be gained by comparing and contrasting two written artifacts: The Communist Manifesto and “Wealth.”

Revolutionary socialist Karl Marx believed that the economic calculation problem should be solved adopting a communist approach; he expressed his ideas in his most notable work “The Communist Manifesto” in 1848. Marx believed that capitalism should be replaced by socialism and eventually communism and it should be done through abolishing markets, prices and private property. To understand Marx’s ideas it is important to define capitalism socialism and communism. Capitalism can be defined as ‘an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state’. On the other hand socialism can be defined as ‘a political and economic theory of social organization, which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole’.

There are different opinions towards inequality, some people are accepting of it while others dislike the whole idea of inequality. Is it okay to let the wealthy have more control than the poor? Should their ideas matter more than the non-wealthy? And most importantly should the poor be okay with this, if not what must they do? In “Gospel of Wealth” by Andrew Carnegie and “The Communist Manifesto” by Karl Marx, both Carnegie and Marx expose their thoughts behind inequality and its traits. They both focus and touch upon the poor (proletarians) and the rich (bourgeoisie). They bring up the pros and cons about inequality, capitalism, and communism. Inequality was in Carnegie 's view. In his opinion progress required the processes of competition. Making capitalism an engine of progress. Carnegie believed that there is good to inequality while Marx begs to differ. Marx had his own view on capitalism, he believed that it would eventually result disastrous. Marx believed communism was the best solution to keep both the proletarians and bourgeoisie in an equal place. Both of these socialists have much to say about capitalism and communism and also for economic inequality. They both share different points of view, neither wrong or right. Their opinions are based towards their life experiences and this essay will be noting the differences between they share on inequality, the means of production, and capitalism.

Karl Marx developed his theory on class division by suggesting that all societies have two major classes, a ruling class and a subject class. The ruling class owned a means of production such as land or capital, whereas the subject class did not. Marx argued that this leads to the ruling class exploiting the subject class. The ruling class use a superstructure of the legal and political systems to justify its position and prevent protests by the subject class. In capitalist societies the main classes are the bourgeoisie (capitalist) and the proletariat (working class). In these societies the bourgeoisie exploits the working class through wage labour. The capitalists pay wages to the workers, but make a profit because they pay the workers less than the value of what they produce. Capitalism is the newest type of class society but it will also be the last. Eventually it will be replaced by a communist society in which the means of production

As far back as man has been on earth, he has been driven towards building a community among his peers. Whether that is a community of hunters and gatherers who share whatever the day has brought to them within their tribe, or a larger community which within its structure lie the inner dwellings of division of labor and societal classes. Adam Smith (18th Century), John Stuart Mill (19th Century), and Karl Marx (19th Century) are of the same cloth, but in modern terms their community is referenced as a government, and they each have their own distinct opinions on the 'drive' instilled within human nature that shape their personal economic theories. I will be dissecting the views of each of these economists, in regards to the role of

Karl Marx came up later with a theory of a classless society to help the working class fight back. Marx came up with many radical ideas to change the way society was proceeding socially which, caused him to be banished from his native land in Germany and then from France, eventually he ended up in England. (Compton's Encyclopedia, 121) Karl Marx believed that social conflict was needed for society to function. He showed people not to be scared of conflict but rather to except it as a way of life. Karl Marx believes that people have a "class consciousness" which means that people are aware of differences between one another and that it causes a separation between groups of people. People mostly look at material objects for a sense of class status. If you are wealthy in life then you have many material objects and if you are poor then you have very little. People need to be educated in order to move up in society, which is why the working class people rarely have a chance to be very successful. Karl Marx realized that the working class deserved more then they were receiving and he tried to help the situation. Marx wanted the wealthy people and the poor to become more economically equal in status. Karl Marx also discusses the economic issues that the working class faces with change. With capitalism growing there is a greater need for production in the factories. More products need to be produced and at