What are the key similarities and differences between Karl Marx and Adam Smith

I will paste the instructions here. My work will get graded according to the mark scheme below, so I think it will be useful. Please use the recommended references listed below. Thank you!

History of Economic Thought Essay Question

Consider any two of the three theorists taught this term: Adam Smith, David Ricardo, Karl Marx. What are the key similarities and differences between them? Which elements of their theories do you find useful or important and why?

Key/suggested references: A) History of Economic Thought Essay Question – Lecture notes of weeks 3-5 depending on which theorists you choose. – Readings for each theorist are related to the weeks presented and can be found on the online reading list found on the VLE. B) Microeconomics Consumer Theory Essay Question – Lecture notes of weeks 6 to 9. – Readings related to the weeks, which can be found on the online reading list found on the VLE.

Word limit: 2000 words Referencing style (e.g., APA, Harvard): Harvard

Marking scheme: Marking will be in accordance with the general IMS undergraduate marking rubric: 1. Answer. (Does the coursework address the question/issue or meet the assigned aims and keep on topic? Is there a comprehensive understanding of the topic?) 2. Structure. (Is the structure clear and material presented in a well argued, coherent and synthesised manner?) 3. Writing Style. (Is the writing fluent and of a good standard with few errors in spelling, punctuation or grammar?) 4. Level of Reading. (Is the topic well researched and supported? Is there evidence of using a range of high quality sources?) 5. Quality of Referencing. (Is the work appropriately sourced? Are the references well formatted and written up accurately and consistently?)

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