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Yes, he philosophized the economic system of Socialism and other leftist political systems such as Communism, which had economic elements.

Socialism and communism are actually two distinct politico-economic systems - they both have their own political and economic systems.

Marx also wrote the most systematic (at the time, and in my opinion, to date) critique of capitalism.

In fact, I think its wrong to describe communism as a political system - democracy is the political system of communism - communism is fundamentally an economic system.

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12y ago
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paulbenn

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2y ago

Yes: he showed how workers are exploited and how capitalists get their profits.

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Q: Did Karl Marx make a contribution to economics?
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