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Marxist writers such as Cyrus Bina have extended the concept of rents to oil rents. [19] Marx's insights about the theory of ground rent and surplus-profits (extra surplus-value) influence the theory of real capitalist competition created by Anwar M. Shaikh to complete and update what Marx set out to do. [20]
The theory was first developed by Julio Rotemberg in 1984. [32] Several empirical contributions document the growing importance of common ownership and provide evidence to support the theory. [33] Because of concern about these anticompetitive effects, common ownership has "stimulated a major rethinking of antitrust enforcement". [34]
Marxist aesthetics is a theory of aesthetics based on or derived from the theories of Karl Marx. It involves a dialectical and materialist , or dialectical materialist , approach to the application of Marxism to the cultural sphere, specifically areas related to taste, such as art and beauty, among others.
Private property in the means of production is the central element of capitalism criticized by socialists. In Marxist literature, private property refers to a social relationship in which the property owner takes possession of anything that another person or group produces with that property and capitalism depends on private property. [19]
Rentier capitalism is a concept in Marxist and heterodox economics to refer to rent-seeking and exploitation by companies in capitalist systems. [1] [2] [3] The term was developed by Austrian social geographer Hans Bobek [4] describing an economic system that was widespread in antiquity and still widespread in the Middle East, where productive investments are largely lacking and the highest ...
The socialist mode of production, also known as socialism or communism, [a] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory. The Marxist definition of socialism is that of production for use-value (i.e ...
Marxism remains a powerful theory in some unexpected and relatively obscure places and is not always properly labeled as "Marxism". For example, many Mexican and some American archaeologists still employ a Marxist model to explain the Classic Maya collapse [101] (c. 900 A.D.) – without mentioning Marxism by name.
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–Leninism, and autonomist Marxism which emerged after their deaths. [1]