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Which classical economist popularised the following phrase: "From each according to his ability, to each according to his needs”?
David Ricardo
John Stuart Mill
Adam Smith
Karl Marx
Here’s the thing—let’s break down the options for that famous phrase:
- Option 1: David Ricardo – He’s big on comparative advantage and international trade, but he never used the phrase “From each according to his ability, to each according to his needs.”
- Option 2: John Stuart Mill – Known for utilitarianism and welfare economics. Again, not the source of this quote.
- Option 3: Adam Smith – The Wealth of Nations guy. Focused on self-interest and the invisible hand, not this ideal.
- Option 4: Karl Marx – This is the right answer. Marx used that line to sum up his vision for a post-capitalist society—where people contribute what they can and receive what they need.
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