Smith, Ricardo, and Marx on Markets in a Society of Free and Responsible Individuals


The conference examined the foundational roots of ideas, both critical and affirming, of markets and capital development in the classical economics texts of Smith, Ricardo, and Marx.


From Liberty Fund

Essays on Philosophical Subjects

by By Adam Smith
Edited by W. P. D. Wightman and J. C. Bryce

Reflecting Adam Smith’s wide learning and varied interests, these essays shed considerable light on his place in the Scottish Enlightenment. Included are histories of astronomy, ancient logic, and ancient physics; essays on the “imitative” arts and the affinity between music, dancing, and poetry; and a critical review of Samuel Johnson’s…

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Additional Readings

Marx, Karl. The Economic and Philosophic Manuscripts of 1844. Edited by Dirk J. Struik. Translated by Martin Milligan. New York City: International Publishers, 1964.

Marx, Karl. Capital. Edited by Friedrich Engels. Chicago: William Benton, 1988.

Ricardo, David. On the Principles of Political Economy and Taxation, in The Works and Correspondence of David Ricardo. Edited by Piero Sraffa. Indianapolis: Liberty Fund, 2005.

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. Edited by R. H. Campbell, A. S. Skinner, and W. B. Todd. Indianapolis: Liberty Fund, 1981.