1. What was Adam Smith’s idea of an Idealistic Economy? 2. In Karl Marx’s Das Kapital what was his rationale about the exploitation of the workers? 3. Explain Karl Marx’s labor theory of value? 4. Adam Smith talks about two classes of society. What are those two classes, and what is his argument concerning them? 5. What is Karl Marx’s response to Adam Smith’s theory about the two classes in society? 6. What does Marx believe about Capitalism and economics? Explain his counter argument; Communism is a better economic model? 7. What does Smith believe about a free market system? 8. What is one of the faults with Capitalism that Marx discovered? 9. What was Smith’s vision of an ideal society? 10. What was Marx’s vision of an ideal society?
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1. What was Adam Smith’s idea of an Idealistic Economy? 2. In Karl Marx’s Das Kapital what was his r...
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