as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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compare and contrast the economic policies of adam smith and karl marx.
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adam smith and karl marx had different views on economics. smith believed in free-market capitalism and the power of individual self-interest, while marx proposed a class-based economic system. smith argued that competition would benefit everyone as individuals look to maximize their own profits, while marx argued that workers' interests should be taken into consideration and competition would lead to inequality.
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