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The American dream is a complex notion that embodies traditions, social and personal values of people. This concept is closely connected with historical and economic development of America, its liberation movement and economic changes. Explaining the American dream it is possible to single out social, …
“Adam Smith’s enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see the bottom of things. In both cases their greatness rests on an unflinching confrontation with the human condition …
“Human competition” according to “Adam Smith” is brought about by “selfish interests”. “Adam Smith” made this extremely clear when he said that “the free decentralized action of economic agents in a system of competition and private property brings advantages for each of them…each one moved …
The greatest improvement in the productive powers of labor, and the greater part of the skill, dexterity, and judgment with which it is any where directed, or applied, seem to have been the effects of the division of labor.” (more…)
Adam Smith and Karl Marx Modern political economic theory and philosophy can be greatly attributed to the works of two men who seemingly held polar opposite views on the subject. Adam Smith, a Scottish philosopher, published his most well known work An Inquiry into the …
Kirkcaldy High School (1729–1737), University of Glasgow, University of Oxford
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