A Comparison of the Economic Philosophies of Adam Smith, John Stuart Mi

As far back as man has been on earth, he has been driven towards building a club among his peers. Whether that is a community of hunters and gatherers who persona whatever the day has brought to them within their tribe, or a large community which within its structure lie the inner dwellings of division of labor and societal classes. Adam smith (18th Century), John Stuart Mill (19th Century), and Karl Marx (19th Century) are of the same cloth, besides in modern terms their community is referenced as a government, and they each have their own distinct opinions on the drive instilled within gracious nature that shape their personal economic theories. I volition be dissecting the views of each of these economists, in regards to the role of government within their envisioned society. man showcasing the difference in views, I want to focus on the baffling similarities that these famous economists shared within their economic process and their beliefs regarding human nature.The low gear economist we will discuss is Adam Smith. Before we discuss Smiths views, we will provide a brief description of the setting in which Smith was able to create his assumptions, and formulate his theories. Smith studied Social philosophical system at the University of Glasgow and the University of Oxford, the latter of which he was not as fond of. The primordial economic theory at the time (18th Century) was mercantilism, which focused on contrary trade and a positive balance of trade (Net Imports Net Exports deal Surplus). Around 1760, Smith was in France, which was horribly in debt due to the deleterious aiding of Americans against the British, amongst other reasons. Smith envisioned the government playing a larger role, one which consisted of protection through mercha... ...iety being tampered or an individual create harm to others and deemed unfit. All of these economists looked out for the well being of mankind, even if their government-economic structures were frozen opposites, they all had the intention of bettering the mankind. Some ideas translate better than others and in hindsight , a mixture of all these great economists ideas are what balances out a capitalistic system.Works CitedHeilbroner, R. (1997). Teachings from the Worldly Philosophy. - W.W. Norton & Company.Marx, K., & Engels, F. (2000). Manifesto of the Communist Party . Germany Zodiac.Mill, J. S. (2001). On Liberty. Kitchener Batoche Books. (Original kick the bucket published 1859)Smith, A. (2005). AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS. Hazleton A PENN STATE electronic CLASSICS SERIES PUBLICATION. (Original work published 1776)