Answered: Smith and Marx have schematized the…

Smith and Marx have schematized the phases of development in the course of history. Discuss why they did this, while Ricardo concentrated on the problems of capitalism of his day.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter19: Economies In Transition

Section: Chapter Questions

Problem 15SQ

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Smith and Marx have schematized the phases of development in the course of history. Discuss why they did this, while Ricardo concentrated on the problems of capitalism of his day.

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