Discuss the theories of Adam Smith (The Wealth of Nations - 1776), John Maynard Keynes (The General theory of Employment, Interest and Money - 1936), and Karl Marx. Include at least four (4) basic...

ECONOMISTS THEORIES
Theory of Adam Smith (The Wealth of Nations-1776)
Adam smith theory of the wealth of nation had a bigger and more global impact on the world economy. According to this theory of smith nations should probably sell their product to other nation while probably buying nothing in return from them. He declared that countries unnecessarily got indulged in the tariffs that choke the international trade. In his theory of wealth of nations smith also stated that the individual need of the community need to fulfill self-interest that results in societal benefit, which is preferably termed as invisible hand.
In his theory he possibly rejects the interference of the government in the market activities carried on by the companies. He further stated that the state government should serve possibly the three functions which includes protecting the national borders, engage in public work and enforcing civil law. The basic ideas induced by Adam Smith includes self-interest, competition, and supply and demand (Adam, 2016).
John Maynard Keynes (The General Theory of Employment, Interest and...