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Unequal exchange is used primarily in Marxist economics, but also in ecological economics (more specifically also as ecologically unequal exchange), to describe the systemic hidden transfer of labor and ecological value from poor countries in the imperial periphery (mainly in the Global South) to rich countries and monopolistic corporations in the imperial core (mainly in the Global North) due ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 4 March 2025. Economic and sociopolitical worldview For the political ideology commonly associated with states governed by communist parties, see Marxism–Leninism. Karl Marx, after whom Marxism is named. Friedrich Engels, who co-developed Marxism. Marxism is a political philosophy and method of ...
According to this theory, hegemony is maintained through close cooperation between powerful elites inside and outside the core regions of the world system. Global governance is constituted by political and economic institutions that put pressure on the less developed and unstable peripheral countries.
Karl Marx [a] (German: [kaʁl maʁks]; 5 May 1818 – 14 March 1883) was a German-born philosopher, political theorist, economist, journalist, and revolutionary socialist.He is best-known for the 1848 pamphlet The Communist Manifesto (written with Friedrich Engels), and his three-volume Das Kapital (1867–1894), a critique of classical political economy which employs his theory of historical ...
Karl Marx criticized liberalism as not democratic enough and found the unequal social situation of the workers during the Industrial Revolution undermined the democratic agency of citizens. [13] Marxists differ in their positions towards democracy. [14] [15] controversy over Marx's legacy today turns largely on its ambiguous relation to democracy
Arghiri Emmanuel’s theory of unequal exchange, popularized in his 1972 book Unequal Exchange: A Study of the Imperialism of Trade is considered a major departure from several recurring themes in Marxist studies of imperialism. Notably it does not rely on an analysis of monopoly capital, or the expansion of the capitalist mode, instead ...
Marx never provided a complete definition of the capitalist mode of production as a short summary, although in his manuscripts he sometimes attempted one. In a sense, it is Marx's three-volume work Capital (1867–1894; sometimes known by its German title, Das Kapital), as a whole that provides his "definition" of the capitalist mode of ...
Social conflict theory is a Marxist-based social theory which argues that individuals and groups (social classes) within society interact on the basis of conflict rather than consensus. Through various forms of conflict, groups will tend to attain differing amounts of material and non-material resources (e.g. the wealthy vs. the poor).