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ID number:379519
Evaluation:
Published: 08.05.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Adam Smith vs. Karl Marx, living in the typical capitalist community in the United States, it is much easier to relate to the thoughts of Adam Smith. This is not to say that I do not agree with some of the precepts of pure Communism, but like the old adage says, Communism looks good on the outside.
Adam Smith states his opinion on the mercantile system and its faults, while he dissected, clarified, and revolutionized the mercantilist economy and advocated the classical economy. Smith disagreed with the regulation of economic activity by the State in the interests of the merchant classes. …

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