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Marx & Adam Smith

Marx's theory since the worker's labor, he held, became less valuable in itself the more commodities the worker produced.

2. Adam Smith's concept of the "invisible hand" describes the self-regulating nature of markets. Smith believed that in its commercial phase a society functioned best if it allowed "perfect liberty" for the economy, that is, freedom from any form of regulation. This was possible because human nature itself contained certain drives that would, if left unfettered,

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Marx & Adam Smith. (1969, December 31). In LotsofEssays.com. Retrieved 07:02, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1698405.html