Category: Karl Marx

Generating theories is always inseparable from future debates. It can be explained by the fact that the world is constantly changing so that there is the need for the improvement of the generally acceptable postulates or making a particular theory more detailed in order to assure that it is still applicable. Marxs theory is not…

Table of Contents Introduction Life, Times, and Ideas Impact of Marx on Economics and Society Conclusion References Footnotes Introduction Karl Marx, born on 5th May 1818 was a philosopher, economist, revolutionary, and one of the most influential socialist thinkers of the 19th century. He is often given the title of the father of communism and…

Marx alienation focuses on the capitalist mode of production and an objective approach resulting from the reality that evolves in an individuals knowledge in capitalist society (Lavalette & Ferguson, 2018). Alienation is the loss of control over ones attributes whereby the participants relationship with the attribute is disconnected. The product owners are forced to transfer…

Adam Smith is known as the patriarch of economics because his ideas have been widely used and adapted over the centuries. His concepts introduce a philosophical vision of economic functioning and regulations, including the division of labor. Meanwhile, Marx supplements Smiths view on labor but considers it as estranged, which is widely explained in the…

Notably, one of the renowned sociology theorists is Marx who introduced the labor theory of value which diminishes capitalism. The reason for choosing this discipline and theorist is that it develops a critical understanding regarding the authenticity of the different reasonable prices and the way products should be valued in the consumer market. Holistically, choosing…

Table of Contents Main Argument Support of the Argument Evidence Critique Bibliography Main Argument The main argument put forward by Marx is that primitive accumulation of capital has come to play a relatively the same role in political economy as the story of original sin plays in theology. When it comes to the history of…

Karl Marx is a famous philosopher known for a variety of economic works discussed and applied today. The most outstanding work is devoted to discussing capitalism and its components. Cooperating with Friedrich Engels, Marx created a small political group which is known as the Communist Correspondence Committee (Lebowitz 2020). Among their activities, the well-known Communist…

Webers Theory Certain aspects of the state were highlighted in Webers Politics as a Vocation and other writings. Nevertheless, he did not specifically specify the term element, which people do for clarification of discourse. In reality, the ingredients are the most crucial portions of his concept. A modern state is a framework of government and…

Table of Contents Introduction Discussion Conclusion Works Cited Introduction It is necessary to mention that the influence of the capitalist market economy on impoverished working people is the topic that has been actively discussed over the last few years. Karl Marx and Adam Smith are two prominent figures whose works are praised and commonly studied.…

Contents Introduction Marxist Theory on Property Liberal View of Property Conclusion Works Cited Introduction Property can be largely termed as any physical or intangible asset owned by an individual in solitude or in a collective manner (Kilcullen 1). Considering current systems in the society, a property owner virtually has all the rights to a property…