Compare and Contrast Marx and Smith

   Adam Smith and Karl Marx are both economic philosophers. Smith’s and Marx’s main interests were both economics, politics. They both base their guess on their interpretations of capitalism.
   Adam Smith was a Capitalist, and Karl Marx was a communist. Smith and Marx recognized the value of production. Smith was a Scottish moral philosopher and Marx was a German philosopher. Marx went to school for Marxism, communism, and Hegelianism and Smith went to school studied moral philosophy, and classical economics. Smith’s ideas were modern free market, division of labor, and the invisible hand and Marx ideas were surplus value, alienation and exploitation of the worker, the Communist Manifesto, Das Kapital, materialist conception of history.