Communist Manifesto by Karl Marx and The wealth of nations by adam smith.. please help?

I am 15 and I really need help with this. I had to read the wealth of nations books 1 chapt 1-5 and book 4 chapt 1-2.. I also had to read the communist manifesto.. Can you please help me with this essay I have to write. The first question is, Is the mercantile system a necessary evil of the capitalist model or should governments intervene to establish regulations that make the "race for wealth" fairer? Explain why... and I need help with compare and contrast the ideologies of smith and marx and offer your opinion on which ideology could benefit a citizenry most.. Please help me.. I really need help.. Thanks in advance...

of course you need help! why the hell are you doing this kinda stuff at the age of 15? IoI

The essay questions look simple but are really very complicated questions. Also reading marx and A smith require a huge commitment of time and energy. Don't tell me you started reading them at the age of 9... IoI.

If you want to score well you should really offer real world examples and compare / contrast them.

here are some hints.

Q1: i would say it depends very much on the country & the period the timeframe you are analyzing. you need to put things in to context.

Q2. compare and contrast ideologies?? benefit most in what ways, materially, spiritually or what??

can you see how complicated these questions are? perhaps it would be best for you to just tell your parents to send you to a different school.. IoI
You might need to do some research on a site like wikipedia, but I can try to give you the basics. Karl Marx is probably the best known proponent of communism while Adam Smith is considered the founder of economics and a major proponent of capitalism.

Marx believed the poor (working class) were being oppressed by the middle and upper classes. He cites many reasons but his basic argument is that that working class does the work (meaning manual labor) and are the lowest paid. They are also the largest class. Marx believed the solution was a revolution of the working class and also a government planned economy--which generally includes controlled prices and wages.

Smith advocated a free market system a.k.a. capitalism. He believed that in a free market where people could trade freely, the interaction of buyers and sellers would cause prices and wages to adjust to the appropriate level as though an invisible hand were guiding it. In this system everyone acts in their own self interest, but the result is the fairest possible outcome for everyone. Capitalism is the system supported by most modern economists, supporting smiths views.

The ideas of Marx and Smith are fundamentally opposed. Marx believed that self interest causes a totally unfair system that must be corrected by a working class controlled government. Smith believed that individuals acting in their own self interest together in a market actually produces the most efficient and equitable system possible.

As for the essay question. You'll have to decide which side bears the greater weight.

this site has some relevant information:
It's under the Economics section.

Hope this helps.

The answers post by the user, for information only, does not guarantee the right.

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