Comparison of Adam Smith and Karl Marx on the Ideas of Individual Work and Production. The task of political economy, Karl Marx argued, was to understand all the presumptions within productive and social relations, which made social life in a given form possible at a particular time. The aim of political economy is to understand the processes that produce these differences. The two historical figures that analyzed capitalism were Adam Smith and Karl Marx. Their …showed first 75 words of 1184 total…

…showed last 75 words of 1184 total…society is good but they would not agree on the conditions of the workers. If Smith possibly asks who stops the workers from leaving their profession and joining another, Marx response would be the social conditioning of another job. People need to believe that if they had made right choices, or worked hard enough, they would have gone to the top of society. They would have also achieved the amount of wealth that they desired.