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One of Adam Smith’s most intelligent and penetrating readers was the German economist Karl Marx. Marx agreed entirely with Smith’s analysis: specialization had indeed transformed the world and possessed a revolutionary power to enrich individuals and nations. But where he differed from Smith was in his assessment of how desirable this development m
... See moreAlain De Botton • The School of Life: An Emotional Education
Marx...was among the very first to recognize that the fever-fits of financial crisis and depression that afflict modern market economies were not a passing phase or something that could be easily cured, but rather a deep disability of the system...
Noah Smith • Should economists read Marx?
Who Was Karl Marx?: The Men, the Motives and the Menace Behind Today's Rampaging American Left
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He is concerned with the liberation of man from a kind of work which destroys his individuality, which transforms him into a thing, and which makes him into the slave of things. Just as Kierkegaard was concerned with the salvation of the individual, so Marx was, and his criticism of capitalist society is directed not at its method of distribution o... See more
Marx's Concept of Man. Erich Fromm 1961
In this process, Marx saw the seeds of a society that would eventually be reduced to two classes—owners and workers.
Matthew Wizinsky • Design after Capitalism: Transforming Design Today for an Equitable Tomorrow
Karl Marx was among the very first to see that the industrial revolution...opens the possibility of a society in which we people can be lovers of wisdom without being supported by the labor of a mass of illiterate, brutalized, half-starved, and overworked slaves...