Karl Marx VS Adam Smith - and the Winner is?

Adam Smith and Karl Marx. These two scholars have shaped economic thought and policy for centuries, laying the groundwork for modern capitalism and socialism. While Adam Smith is often regarded as the father of capitalism, Karl Marx is viewed as the foundational thinker of socialism and communism. This episode will explore their ideologies, economic theories, and the lasting impact they've had on society. Enjoy!


Readings:
For those interested in further exploring these thinkers, here are some recommended readings:

For Adam Smith:

Smith, Adam. The Theory of Moral Sentiments. Edited by D.D. Raphael and A.L. Macfie, Liberty Fund, 1984.
Griswold, Charles L., Jr. Adam Smith and the Virtues of Enlightenment. Cambridge University Press, 1999.
Rothschild, Emma. Economic Sentiments: Adam Smith, Condorcet, and the Enlightenment. Harvard University Press, 2001.

For Karl Marx:

Marx, Karl, and Friedrich Engels. The Communist Manifesto. Penguin Classics, 2002.
Wolff, Jonathan. Why Read Marx Today? Oxford University Press, 2002.