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The Marxian economics theory focuses on what Marx claimed were two major flaws in capitalism: the ups and downs of the free market and an abundance of labor. He argued tha… See more
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- Marxian economics, or Marxist economics, is a school of economic thought based on the work of 19th-century economist and philosopher Karl Marx123. It focuses on the role of labor in the development of an economy and is critical of the classical approach to wages and productivity developed by Adam Smith1. Marxian economics arose as a critique of classical political economy and later as a critique of capitalism3. Marxism is an economic and political theory that examines the flaws inherent in capitalism4.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Marxian economics is a school of economic thought based on the work of 19th-century economist and philosopher Karl Marx. Marxian economics, or Marxist economics, focuses on the role of labor in the development of an economy and is critical of the classical approach to wages and productivity developed by Adam Smith.www.investopedia.com/terms/m/marxian-economic…Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie.en.wikipedia.org/wiki/Marxian_economicsMarxian economics refers to a school of economic thought that was derived from Karl Marx and Friedrich Engels, who were 19th-century philosophers and economists. Marxian economics arose as a critique of classical political economy and later as a critique of capitalism.corporatefinanceinstitute.com/resources/economic…Marxism is an economic and political theory that examines the flaws inherent in capitalism; it's primarily based on the work of German philosopher and economist Karl Marx. Marxist theories were influential in the development of socialism, which requires shared ownership by workers of the means of production.www.investopedia.com/terms/m/marxism.asp Marxism | Definition, History, Ideology, Examples,
Aug 20, 2024 — Marxism, a body of doctrine developed by Karl Marx and, to a lesser extent, by Friedrich Engels in the mid-19th century. It originally consisted of three related ideas: a philosophical anthropology, a theory of history, and an …
Marxian economics - Wikipedia
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political …
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Karl Marx: His Books, Theories, and Impact
May 7, 2024 — Karl Marx (1818-1883) was a philosopher, author, social theorist, and economist. He is famous for his theories about capitalism, socialism, and communism .
Karl Marx - Stanford Encyclopedia of Philosophy
Aug 26, 2003 — Marx’s economic analysis of capitalism is based on his version of the labour theory of value, and includes the analysis of capitalist profit as the extraction of surplus value …
Karl Marx - Stanford Encyclopedia of Philosophy
Aug 26, 2003 — The themes picked out here include Marx’s philosophical anthropology, his theory of history, his economic analysis, his critical engagement with contemporary capitalist society …
Marxism summary | Britannica
Marxism, Ideology and socioeconomic theory developed by Karl Marx and Friedrich Engels. The fundamental ideology of communism, it holds that all people are entitled to enjoy the fruits of their labour but are prevented from doing so in …
Basic Principles of Marxian Economics
THE FUNDAMENTALS OF MARXIAN ECONOMICS. All references are to Karl Marx, Das Kapital (Capital), Vols. I to III. 1. Fundamental Principles. (a) Stage-Theory of Economic and …
Historical materialism | Definition, Marx, Examples, …
Jul 15, 2024 — historical materialism, theory of history associated with the German economist and philosopher Karl Marx and his colleague Friedrich Engels. The theory postulates that all institutions of human society (e.g., government and …
Marxian Economics (Chapter 4) - An Introduction to Karl Marx
Political bias apart, Marx's economic theory fell on deaf ears because it came at the wrong time. After his death it kept on a separate existence, interacting little with the mainstream of …
Karl Marx - Wikipedia
Karl Marx ( German: [maʁks]; 5 May 1818 – 14 March 1883) was a German-born philosopher, political theorist, economist, historian, sociologist, journalist, and revolutionary socialist.
Economic Determinism and Karl Marx: Definition
Understand the economic theories of Karl Marx known as economic determinism and how it related to historical materialism, the mode of production, the means of production, and Marxism.
Classical Marxism - Wikipedia
Classical Marxism is the body of economic, philosophical, and sociological theories expounded by Karl Marx and Friedrich Engels in their works, as contrasted with orthodox Marxism, …
Marxism - Econlib
Marx wove economics and philosophy together to construct a grand theory of human history and social change. His concept of alienation, for example, first articulated in his Economic and …
Karl Marx's Economic Determinism | Overview & History
Nov 21, 2023 — Economic determinism is defined as a political and socio-economic theory propounded by Karl Marx and Friedrich Engels that stated that the economy is the most …
Karl Marx ‑ Communist Manifesto, Theories & Beliefs | HISTORY
Nov 9, 2009 — Karl Marx (1818‑1883) was a German philosopher and economist who became a social revolutionary as co‑author of "The Communist Manifesto."
What were Karl Marx's key contributions to economic thought?
Aug 2, 2023 — Karl Marx, a philosopher, economist, and social theorist, made several key contributions to economic thought. His ideas have had a profound impact on the fields of …
Marxian Economics - History of Economic Thought
Marxian Economics. By. J. E. King. Abstract. This entry begins by setting out the core ideas of Karl Marx (1818–83), with particular reference to the theory of historical materialism and its …
39 Marx’s Concept of Socialism - Oxford Academic
Sep 10, 2018 — Taking off from Marx’s Concept of the Alternative to Capitalism, this article explores how Marx’s critique of capital, value production, and abstract universal labor time is …
Karl Marx - Overview, Therories, Influence - Corporate Finance …
Karl Marx is a well-studied and well-cited economist. Marx believed that in a capitalist system, society would inevitably divide themselves into two classes: (1) the business owners and (2) …
Karl Marx | Books, Theory, Beliefs, Children, Communism, …
Jul 27, 2024 — Karl Marx, revolutionary, socialist, historian, and economist who, with Friedrich Engels, wrote the works, including Manifest der Kommunistischen Partei (The Communist …
Karl Marx Sociologist: Contributions and Theory - Simply …
Feb 13, 2024 — Karl Marx was a German philosopher who, in the 19th century, began exploring the relationship between the economy and the people who work within the economic system. …
Marx’s theory of capital in the history of economics: Marx’s …
Jan 12, 2021 — It is in this volume that Marx’s peculiar view of capital takes full-fledged theory of socio-economic reproduction: the original condition of capitalist production (“original …