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for classical theories look up thomas malthus ...
Also, classical theories say there is an "invisible hand" that guides the economy back to equilibrium. Marx said that the economy should be controlled, thus making to go to equilibrium when you want it to. Only problem is equilibrium isn't a definite spot and depends on market demand and supply. But when the market is controlled these things get trickier. I have only studied oligopoly, monopoly, perfect competition, and competitive monopoly. I would assume that a command economy would be the Monopoly, which determines the price by how much they are willing to supply that is over the marginal cost.
What else can I help you with?
What was the basic principle of the Marxist Theory?
The basic and underlying premise to Karl Marx theories were the concept of economic exploitation of labor. For example, a worker constructs an object, and the factory owner gains profit over its sale. Profit Marx argues profit removes from a workers just compensation (pay).
What is economic surplus?
(in Marxist theory) the excess of value produced by the labor of workers over the wages they are paid.
What is Marxist view?
Marxist view of government dealt primarily with the economy. He believed that two economic classes competed to rule the capitalists (business owners) or the workers. Whoever controls the economy will also control the government.
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
What best reflects Marxist economic and social thinking?
Wealthy people control production, powerless working, revoultion brings change.
How was socialism different from Marxist?
Socialism is an economic system based on public or cooperative ownership of the means of production, worker's self-management and collective decision-making in enterprises, and production for use. Marxism is an economic and sociological theory on capitalism, economic development and social class that predicts socialism to be an outcome of economic and technological development. Many socialists agreed with Marxist or quasi-Marxist analysis and theories, but not all socialists agree with or are Marxist. In short, Marxism is a theory; Socialism is a system.
On what do Marxist readings of texts often focus?
Marxist readings of texts often focus on analyzing social structures, power dynamics, and class struggle. They place emphasis on how economic factors influence culture and ideology, as well as how texts can reflect or challenge these aspects of society.
What are the similaries between Rostow and Marxist theory of development?
Both Rostow's and Marxist theories of development focus on economic growth and transformation of societies. They both emphasize the importance of industrialization as a key driver of development. However, Marxist theory critiques capitalist systems and highlights the role of class struggle in shaping development outcomes, while Rostow's theory is more linear and stages-based.
What does marxist and engels mean?
Karl Marx and Friedrich Engels were the men who developed the political ideology known as Communism. There is no meaning to the phrase "marxist and engels." The words are incompatible with one another, because the word "marxist" is the type of person who espouses the philosophies of Karl Marx whereas the word "engels" is the name of the person who collaborated with Karl Marx in developing the historical and economic theories of communism.
What is radical theory?
theories of crime causation that are generally base on marxist theory of class struggle
What was the basic principle of the Marxist Theory?
The basic and underlying premise to Karl Marx theories were the concept of economic exploitation of labor. For example, a worker constructs an object, and the factory owner gains profit over its sale. Profit Marx argues profit removes from a workers just compensation (pay).
What economic philosophy believed in a classless society with no private property?
Marxist Communism.
Why was mandels work not accepted at the time?
Mandel's work was not accepted at the time because it challenged prevailing economic theories, particularly the neoclassical economic framework. His emphasis on understanding capitalism through a Marxist lens and his predictions about the contradictions and crises inherent in capitalist systems were seen as radical and controversial by mainstream economists of his time.
What are the similarties on the marxist and malthusian theory?
Both Marxist and Malthusian theories are concerned with population growth and its impact on society, but they offer different perspectives on the issue. Both theories acknowledge that population growth can lead to resource scarcity and social problems. However, Marxist theory sees these issues as a result of unequal distribution of resources and production, while Malthusian theory focuses more on the limits of resources to support population growth.
What are the main theoretical achievements made by three generations classical Marxism?
First generation: Karl Marx laid the foundation for classical Marxism with his theory of historical materialism, which argues that economic forces drive social change. Second generation: Friedrich Engels further developed Marxist theory with his works on the role of capitalism in shaping society. Third generation: Vladimir Lenin expanded on Marxist ideas by emphasizing the need for a revolutionary vanguard party to lead the proletariat in achieving socialist revolution.
What are the five theories of the state?
The five theories of the state are the Pluralist theory, the Elite theory, the Marxist theory, the Functionalist theory, and the Systems theory. Each of these theories offers a different perspective on how power is distributed and how the state functions within a society.
What is classical marxist theory?
Classical Marxist theory, developed by Karl Marx and Friedrich Engels in the 19th century, posits that societal development is driven by material conditions and class struggle. It argues that capitalism, characterized by private ownership of the means of production, creates inherent class conflicts between the bourgeoisie (capitalists) and the proletariat (workers). Marx believed that this conflict would ultimately lead to the overthrow of capitalism and the establishment of a classless, communist society. Central to this theory is the idea that economic factors shape social structures, politics, and ideology.
