I think it is clear that what we ought to do has to be independent of our decisions about what to do, and independent of any procedures we might use in making such decisions.
Allen W. WoodThose who see Smith as a defender of capitalism - as it existed in Marx's day, or as it exists today - show above all that they are not living in the real world. They are behaving as though the undeveloped form of capitalism Smith studied is still with us.
Allen W. WoodWe totally misunderstand both his aims and his contribution if we try to read into Marx some anticipation of either the modest successes or the disastrous failures of those who later thought they were acting in his name.
Allen W. Wood