Capitalistic Society Labor had an important role to play in the development of a capitalistic society. This is the belief of a man named Adam Smith. His view on the issue of labor, in his time, is illustrated in THE WEALTH OF NATIONS. The role of labor is independent on the economy because for an economy to exist, laborers must work. Another economist, by the name of Karl Marx, held a different perspective on the …
showed first 75 words of 644 total

showed last 75 words of 644 total
…WEALTH OF NATIONS by Adam Smith illustrates haow and why labor is relevant to the develpment of a capitalistic society. His views did not pertain to that of Karl Marx. That is because Marx's viewed ina communistic way, whereas Smith foresaw lbor in a capitalistic way. Adam thoroughly explains his plans for industry and its relevance to capitalism which leads to the reason why labor is a key to the development of a capitalistic society.