Essays on Economists

Much has changed since Adam Smith and Karl Marx first postulated ideas on capitalist economic systems. First, was Smith, interested in groups maximizing self-interests, which ideally maintained that state at an equilibrium indefinitely. Consequential academia comes to both compliment and clash with Smith’s theories and approaches, both directly and indirectly. Nowhere is this more evident...

In this essay, I will discuss Weber’s thoughts in relation to medieval legal systems across the globe, and how the law has developed alongside the dimensions of polity, economics and aspects of society. I will draw attention to legal issues which have developed through modernity, and how the 21st century has faced issues in relation...

Introduction: Adam Smith was one of all time’s greatest minds. His great gift was observation, and he is absolutely awesome in his study of human nature, as it existed in different types of society at different times in history. Born in 1723 in the small seaside town of Kirkcaldy, Scotland, Adam Smith studied morals and...

Throughout the 19th century there was this German philosopher called Karl Marx that later in his life became the founder of the political theory called communism. He has been characterized by writing great books; his most important ones being Capital: A Critique of Political Economy and The Communist Manifesto. In the other hand, there was...

In Adam Smith’s work, An Inquiry into the Nature and Causes of the Wealth of Nations he proposes a theory as to how nations generate and accumulate wealth. Smith’s work in the Wealth of Nations is deemed to be one of the most influential works in the field of economics. Smith’s work highlights the importance...

1 Introduction Max Weber (Weber) was a philosopher through the late 1800’s and early 1900’s. He wrote several books and is best known for his thesis of the ‘Protestant Ethic and the Spirit of Capitalism’. Weber argued that the greater the bureaucratic hierarchy, the greater the profits would be for companies; however, he became concerned...

Introduction and Summary of Max Weber’s Contributions Max Weber also is known as one of the principal architects of modern social science has a wide range of contributions giving critical inputs to the birth of new academic disciplines like social approach, economics, political science, and religious topics. In analyzing the history of Western societies, he...