Philosophers including ___________________ and Friedrich Engels disputed Adam Smith's assumptions about the moral sentiments of business people,and inspired some union organizers.

Question

Quizplus · Accepted Answer

Karl Marx and Friedrich Engels were philosophers who criticized Adam Smith's idea of the invisible hand that regulated the market and believed that capitalism exploited workers. Their ideas influenced the development of unions and workers' rights movements. Samuel Gompers was an American labor leader who supported workers' rights but was not known for his philosophical ideas. Milton Friedman, on the other hand, was an advocate of free-market capitalism and did not challenge Smith's assumptions about the moral sentiments of businesspeople.

Philosophers Including ___________________ and Friedrich Engels Disputed Adam Smith's Assumptions