#+title: Marx's Criticism of Adam Smith
- tags :: [[file:20200611202011-marx.org][Marx]] [[file:20201129140059-adam_smith.org][Adam Smith]]

* From Capital Vol. 1
* From Capital Vol. 2
Marx's criticisms of Smith in Chapter 10 of Volume 2 amount to Smith not
understanding different forms of capital. Smith doesn't distinguish between
fixed or fluid capital, and makes errors in determining what wages are to
workers.

- Marx criticizes Adam Smith for believing that wages are a form of capital
- Marx criticizes Smith practically every other sentence for confusing constant
  and variable capital