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For some people the idea of the means of production being owned & operated the central government by for the sole benefit of the people & its workers was appealing. The large industrialists large landowners & their unfair profits would be eliminated.

All money in excess from Government operated factories & farms could be used to raise wages, improve social benefits or be plowed back into improving industries.

Private property being abolished would place everyone at the same level in that category.

The idea that at some point in time, "government" would be unnecessary and withered away appealed to some intellectuals.

Democratic socialists were not happy however, as Marx called for a violent overthrow of governments in order to install the Dictatorship of the Proletariat. This meant bloodshed and perhaps civil war. They were also unhappy at the prospect of an authoritarian dictatorship and the end of voting.

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Who was the guys name responsible for the development of the Communist economic theory?

Karl Marx


Who was the early economist argued against capitalism?

One of the early economists who argued against capitalism was Karl Marx. In his seminal works, particularly "The Communist Manifesto" and "Das Kapital," Marx critiqued the capitalist system for its focus on profit and exploitation of labor. He believed that capitalism inherently leads to class struggle and inequality, advocating for a classless society where the means of production are communally owned. Marx's ideas laid the groundwork for various socialist and communist movements that sought to challenge capitalist structures.


How did Karl Marx influence modern economic thought?

Karl Marx had developed advanced ideas about economics and the economy that had influenced other developers.


What is marx economic theory?

Marx was the father of communism, hence why it is called marxism or marx economy. Communism is the belief that everyone is equal within the country that practices this form of an economy. An example would be the USSR, which was a communist country leaded by Joseph Stalin.


What books did Karl Marx write?

Karl Marx wrote "The Hope Of The People" Marx wrote "The Communist Manifesto" (with Friedrich Engels) and "Das Kapital". He wrote other philosophical works both alone and with Engels. While Karl Marx's most famous books on communism today are Das Capital and The Communist Manifesto, he has also written: Marx also wrote Critique of Political Economy. The Eighteenth Brumaire of Louis Napoleon, Grundrisse, The German Ideology, Economic and Philosophical Manuscripts of 1844, and Theses on Feuerbach. All of the books he has written deal with Communism/Marxism.

Related Questions

Where did the communist teachings and ideas come from?

Carl Marx


Who did Karl Marx influence with his communist ideas?

Karl Marx influenced a wide range of thinkers, activists, and political leaders with his communist ideas. Some notable figures include Vladimir Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, and Che Guevara. Marx's ideas also had a significant impact on the development of socialist and communist movements around the world.


In leading the Communist revolution Lenin followed some of the ideas of what writer?

Lenin followed many but not all, of Karl Marx's ideas.


Was Karl Marx the first ruler of Russia?

No. Karl Marx wrote the Communist Manifesto. While his ideas were put into practice when the Soviet Union formed, Marx never had any official power.


How did Karl Marx put his ideas into practice?

Karl Marx primarily put his ideas into practice through his writings, such as "The Communist Manifesto" and "Das Kapital," which outlined his theories on class struggle, capitalism, and the role of the working class in society. While Marx was not directly involved in leading or implementing any revolutionary movements himself, his ideas inspired various socialist and communist movements around the world.


What were Karl Marx's co?

Karl Marx's primary collaborator was Friedrich Engels, with whom he co-authored "The Communist Manifesto" and other works. Engels played a significant role in supporting and popularizing Marx's ideas on socialism and communism.


How did Marx's communists idea appeal to most Russians?

The Marx's communist ideas appealed to most Russians for various reasons. Most people knew that they could overthrow the government using communism.


Who was Karl Marx's partner in writing The Communist Manifesto in 1848?

Friedrich Engels was Karl Marx's partner in writing The Communist Manifesto in 1848. Engels contributed his own ideas and expertise to the document, making it a collaborative effort between the two thinkers.


What were Karl Marx's communist ideas and how did they influence political and economic systems around the world?

Karl Marx's communist ideas focused on the belief that workers should control the means of production to create a classless society. His ideas influenced the development of socialist and communist political systems in various countries, leading to the establishment of communist governments in places like the Soviet Union and China. These systems aimed to redistribute wealth and power more equally among the population, but also faced criticism for their authoritarian tendencies and economic inefficiencies.


Who wrote The Communist Manifesto with Engels?

The Communist Manifesto was written by Karl Marx and Friedrich Engels in 1848.


Who developed the communist theory of government?

Karl Marx


Who responsible for the introduction and spread of communistic and socialistic ideas?

Karl Marx and Friedrich Engels were the primary originators of communist ideology, articulated in the Communist Manifesto in 1848. The spread of these ideas was facilitated by various social movements and political parties, such as the Bolsheviks in Russia and the Communist Party in China, among others.