Sociology owes much of its philosophical basis to thinkers as diverse as Adam Smith and Karl Marx.

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This statement is true. Adam Smith is often credited as the founding father of modern economics and his ideas about social organization and self-interest were influential in the development of sociology. Karl Marx, on the other hand, was a critic of capitalist society and his theories about class struggle and the exploitation of labor were also important foundations for sociological thought.

Sociology Owes Much of Its Philosophical Basis to Thinkers as Diverse