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Definition of economics by Karl Marx?
Marx employed a labour theory of value, which holds that the value of a commodity is the socially necessary labour time invested in it. Capitalists, however, do not pay workers the full value of the commodities they produce. The gap between the value a worker produces and her wage is a form of unpaid labour, known as surplus value. Moreover, Marx notes that markets tend to obscure the social relationships and processes of production, a phenomenon he termed commodity fetishism. People are highly aware of commodities, and usually don't think about the relationships and labour they represent. Marx's theory of value, perhaps his most important contribution to the field of economics, albeit, the most rejected - stated that the value of any given commodity is determined by the socially average simple labour time used to create it, giving skilled labour value in multiple units of unskilled labour, suggesting that the market determines all prices based on this mythical underlying labour cost
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Karl Marx believed capitalism would bring about economic and social collapse in Europe and America. Karl Marx was a proponent of the dictatorship of the proletariat. The c…ollapse of capitalism would be the result of a workers' revolution. In his time, there were other socialists who believed that a peaceful transition from capitalism to socialism was the path to the future.
Did Karl Marx believe there would be a peaceful overthrow of the government and economic system by the workers?
false. Second Answerer: Marx himself believed in a militant violent overthrow of the capitalist system. I think he decided to promote this type of revolution because it di…d poetic justice to the anger that the working class had and still have for the unjust and unfair capitalist system. However pacifist Socialist revolutions have taken place and succeeded, look not further than Mohandas Gandhi (:
Karl Marx (1818-1883) was a philosopher, above all of history. He established the basis of Communist ideology. One of his best known ideas is the concept that history is drive…n by struggles between social classes. Please see the link below. Karl Heinrich Marx was a Prussian-German philosopher and revolutionary socialist. His ideas played a significant role in the establishment of the social sciences and the development of the socialist movement.
Under communism, there would be no social classes. However, one could look at it as having only one class of people.
Karl Heinrich Marx was a Prussian-German philosopher and revolutionary socialist. His ideas played a significant role in the establishment of the social sciences and the devel…opment of the socialist movement.
Socialism/Communism. They`re the same thing. Answer: Socialism and Communism are not the same thing. Socialism is a form of government. Communism is a form o…f economics. Marx didn't actually develop either of these two notions, but simply studied them, added to them, articulated them and gained support for them. The notions of communism and socialism have been around for eons and were collectively developed over the course of human history. Karl Marx is frequently called "The Father of Communism" because of his contributions to Communist thought and his ability to form a social movement around those ideals. He did not invent the concept however, though he did do a great deal to improve and help evolve the system.
Karl Marx believed that capitalism was tearing us apart and that we needed to change to a communist nation, where we all get the same pay and there is no owning private proper…ty. He thinking life would be better without the use of money because he once said "I do not like money, money is the reason we fight."
Karl Marx was a German philosopher and political economist who lived in the 19th century. He published several books; the most famous being The Communist Manifesto. In it he w…ent over class struggle and the fundamental problems of capitalism as well as outlining communism and what communists hope to achieve. Communism is an economic system of common ownership of the means of production (i.e. the workers (proletarians) own the factories and everything it produces, to use) as opposed to capitalism, which is the private ownership of the means of production (i.e. the rich and powerful (bourgeois) own the factories and everything it produces, to sell for profit).
over throwing the capitalist system
nope he sure wasn't :)
No, Marx saw that the emergence of new economic systems was tied up with a great many things, primarily class struggle and the development of new and existing classes, the dev…elopment of the forces of production, etc. Marx and Engels argued that society could be seen as having a base (it's economic system) that very largely shapes what it's superstructure (politics, religion, law, morality, etc) looks like.
Culture is the structure based on economy
Karl Marx and his associate Friederich Engels developed the political ideology known as Communism.
Karl Marx was founder of modern socialism and communism.