Description
Instructions: Essays 1 should be no more than 1000 words. Additionally, essays 1 should begin with a brief abstract (this should be no more than 20% of the total essay or 200 words), which summarizes your argument. The length of the abstract is included in the 1000 word limit. Essays should be 12 pt font, single-spaced with one-inch margins. Make sure you cite specific passages and provide page numbers as a reference – you do not need to include works cited page. You can do this by including a parenthesis after the quote or section you paraphrase example Smith says… (p.12). You can use direct quotes from the text, but you should also try and put the argument into your own words when possible. Please include a word count at the end of each essay.
Essays will be graded on your demonstrated understanding of course concepts, the quality, and depth of your argument, and the clarity and excellence of your writing.
please make sure to devise an argument
please answer all questions on the prompt below in the essay :
prompt:
ESSAY 1: 1000 words max
Writing at the beginning of the industrial revolution Adam Smith writes, in The Wealth of Nation, “It is
the great multiplication of the production of all the different arts, in consequence of the division of labor, which occasions in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people… general plenty diffuses itself through all the different ranks of society.” What is the division of labor for Smith and where does it come from? What are its consequences for individuals and society and why? How is it that universal opulence trickles down? What are the broader implications of this theory?
Writing roughly 100 years later what did Marx and Engels see had been wrought by advances in the DL and industrialization? What were the consequences of the English working class? What were the conditions under which they labored and worked? Instead of universal opulence, what do Marx and Engels see as the real consequence of the industrial revolution and capitalist development? What is the source of this consequence? What drives capitalism forward and with what consequence?
In answering this question, you may want to consider the distinction between labor and labor power, the role of competition, profit and exploitation. What is the nature of the critique of Marx levels against Smith? What does Smith fail to recognize that becomes apparent with Marx?