But sometimes the crank is Karl Marx ... about Marx’s understanding of capitalism. The phrase appears in a section in which Marx attempts to refute Adam Smith’s account of the origins of ...

But Marx will have none of that -- it is to be ideal capitalism, which will dig its ... How sharply all this contrasts with earlier views! For Adam Smith, the capitalist escalator climbed upward ...

He is clearly rather a fan of Adam Smith. An audience who ... The result is a depressing perception that capitalism is doing exactly what Karl Marx said it would: it is pushing wealth towards ...

The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher and father of modern economics, said: “It is not from the benevolence of the butcher, ...

Professor of Economics and author of 'How to Think Like an Economist', who has just released in Spanish by La Esfera de los Libros. Robbie Mochrie is a Professor of Economics at Heriot-Watt University ...

David Ricardo, a notable economist of the Smithian tradition, had reasoned in the Labour Theory of Value that the value of a ...

This course seeks to explore the theory, history, and state structures of capitalism; examine its manifestations in several national contexts; and understand the ways in which systemic changes to ...

It seems the notion that always holds customers superior to other agencies in the chain of value creation and consumption was ...