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Perhaps the greatest distinction to be drawn between Wealth of Nations on the one hand and the Communist Manifesto/Das Kapital on the other is that Wealth of Nations is descriptive, while the Communist Manifesto and Das Kapital are prescriptive.

Adam Smith wrote about economics as it actually happens. Karl Marx wrote about economics as he thought it ought to be.

Sep 21, 2023
at
5:14 PM

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