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Capitalism & Communism

Capitalism & Communism

The economic philosophy through the theories of Marx, Smith and Weber

Economy is the system that determines the structure of any civilized society. It even affects every aspect and every detail of our life like the type of the political system and the lifestyle of the society. That is why the economy was the basic topic for a lot of philosophers and researchers. Talking about the economic philosophy, theories and history and about communism and capitalism will definitely lead us to talk about the philosophers that made our modern economic systems. Karl Marx the father of communism, Adam Smith the father of capitalism, and Max Weber the researcher of the relationship among religion, the economy and the society. Karl Marx's theories and thoughts were the corner stone for the countries that adopt the communism system. They even created major changes like the Soviet Union which was built by communism bases. On the other hand Adam Smith's theories of capitalism and the free market were adopted by other countries like the United States Of America. So it is obvious how big the influence is of the economic systems. And Weber who could diagnose the differences between the sectors of Christianity and tied that with the economy through his observation.
A surprising thing happened to me. One day I stopped by the bulletin board to find out what the coming events at IIT are. I was looking for the events at the Bog because I used to attend the Bog events after a busy week. A party was arranged to be on Friday ,therefore, I decided to attend. I went there with some friends where the music was awesome so we danced and after a while I felt that I wanted to take a break to drink beer at the bar. While I was drinking, I noticed that I was sitting next to three people who were talking and discussing something. And guess what, those people were Karl Marx, Adam Smith and Max Weber. Immediately I introduced myself and said "hi I am Muzaffar, it is an honor to meet you. I read...

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