Compare And Contrast Marx And Adam Smith

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Politics is, basically,who gets what and how. That's simple as it gets. Government is just a system of authorities who govern a body of people.The institutions are the where.Economics is private,while politics is very much public.Both,however focus of the distribution of society's resources. Regulated capitalism have government guarantees.With capitalism, the market decides, but with socialist economy, the state derermines production and distribution.The property of socialist economy is owned by the government. Adam Smith and Karl Marx were both key figures. Smith was an outstanding developer of capitalist economy theory, while Marx was the principal philosopher of social economics. When individuals are subjects of their state government, it