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Trotskyism has been criticised from various directions. In 1935, Marxist–Leninist Moissaye J. Olgin argued that Trotskyism was "the enemy of the working class" and "should be shunned by anybody who has sympathy for the revolutionary movement of the exploited and oppressed the world over."
Trotskyism is the theory of Marxism as advocated by Russian revolutionary and intellectual [65] [66] Leon Trotsky. Trotsky had been the leader of the Red Army , [ 67 ] honorary president of the Third International [ 68 ] and Lenin had proposed he serve as Vice-chairman to preside over economic management .
Leon Trotsky's conception of permanent revolution is based on his understanding—drawing on the work of fellow Russian Alexander Parvus—that a Marxist analysis of events begins with the international level of development, both economic and social. National peculiarities are only an expression of the contradictions in the world system.
The Marxist–Leninist communist party is the vanguard for the political, economic and social transformation of a capitalist society into a socialist society which is the lower stage of socio-economic development and progress towards the upper-stage communist society which is stateless and classless, yet it features public ownership of the ...
Marxian economics—particularly in academia—is distinguished from Marxism as a political ideology, as well as from the normative aspects of Marxist thought: this reflects the view that Marx's original approach to understanding economics and economic development is intellectually independent from his own advocacy of revolutionary socialism.
Marxism and Keynesianism is a method of understanding and comparing the works of influential economists John Maynard Keynes and Karl Marx.Both men's works has fostered respective schools of economic thought (Marxian economics and Keynesian economics) that have had significant influence in various academic circles as well as in influencing government policy of various states.
The Marxist definition of socialism is that of production for use-value (i.e. direct satisfaction of human needs, or economic demands), therefore the law of value no longer directs economic activity. Marxist production for use is coordinated through conscious economic planning.
As such, in the neoclassical view, uneven development is merely an interim stage of economic development that can be erased by the free market. [19] Marxist geographers, on the other hand, assert that uneven development is persistently produced and reproduced by capital diffusion, and therefore, is an inherent and permanent feature of ...