Category Archives: Economic
Labor and production — social versus individual
Today, I am reviewing the Economic and Philosophic Manuscripts of 1844 by Karl Marx, in The Marx-Engels Reader (Second Edition). The underlying theme developed in this work is showing labor as an estranging activity for humanity. Marx argues that the … Continue reading
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Filed under Economic, History, Intellectual, Social
Adam Smith’s invisible hand
The concept of the invisible hand is popularly known to be propitiated in the work of Adam Smith. This idea is explored in his The Wealth of Nations (Modern Library), as Smith writes that:
Agriculture, as the link enabling society
Adam Smith shows in Book III of his The Wealth of Nations (Modern Library), how the countryside and the town are intrinsically tied. “The great commerce of every civilized society, is that carried on between the inhabitants of the town … Continue reading
The root of life: labor and exchange
(The Wealth of Nations by Adam Smith is rich in well-explained ideas, though as with other reviews on this blog, I will touch only cursorily on some of these ideas due to the length of the tome.) In his The … Continue reading