6min chapter

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Economists who changed the world

History Extra podcast

CHAPTER

Adam Smith to Karl Marx: Economic Foundations and Contradictions

This chapter explores the foundational contributions of Adam Smith to modern economics, focusing on 'The Wealth of Nations' and the concept of the invisible hand. It also examines Karl Marx's legacy and the ideological tensions in today's economies, particularly in relation to the adaptations of communist principles in systems like North Korea and China.

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