One of the first and most persuasive advocates of modern capitalism was Adam Smith. The most serious challenge to Adam Smith and his followers came from Karl Marx, a nineteenth century German. The son of a Prussian lawyer, the methodical Marx was a worthy and resourceful opponent. He unfolded his economic theories in his monumental Das Kapital, a work on which he spent eighteen years of research and writing. Marx’s main objection to the …showed first 75 words of 1620 total…

…showed last 75 words of 1620 total…inevitable (Magee, 168). Bibliography Eagleton, Terry. Marx. London: Orion Publishing Group Ltd., 1997. Gurley, John.G. Challengers to Capitalism. New York: Addison Wesley Publishing Company, Inc., 1988. Leone, Bruno. Capitalism: Opposing Viewpoints. Minnesota: Greenhaven Press, Inc., 1978. Magee, Bryan. The Story of Philosophy. Montreal: The Reader’s Digest Association (Canada) Ltd., 1998 Mclellan, David. Marxism after Marx. London: Macmillan Publishers Limited, 1980. Schumpeter, Joseph. A. Capitalism Socialism and Democracy. New York: Harperand Row Publisher, 1950. Seldon, Arthur. Capitalism. Massachusetts: Basil Blackwell Inc., 1990.