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Marx saw the origin of fictitious capital in the development of the credit system and the joint-stock system. "The formation of a fictitious capital is called capitalisation." [7] It represents a claim to property rights or income. Such claims can take many forms, for example, a claim on future government tax revenue or a claim issued against a ...
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]
Property is theft! Private property#Criticism; Reification (Marxism) – Treatment of social attributes as real, in Marxist theory; Forms of capital in Marxism: Constant capital — Capital invested in the means of production. Variable capital — Capital invested in labour power. Fictitious capital – Marxist Doctrine; Monopoly Capital; Key ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 December 2024. Type of society and economic system This article is about the hypothetical stage of socioeconomic development. For the economic systems of the former Soviet and Eastern Bloc Communist states, see Soviet-type economic planning. For communistic society, see Intentional community. Part of a ...
Later in 1880, Engels used the term "scientific socialism" to describe Marx's social-political-economic theory. [4] Although the term socialism has come to mean specifically a combination of political and economic science, it is also applicable to a broader area of science encompassing what is now considered sociology and the humanities.
Leninism comprises socialist political and economic theories developed from Marxism as well as Lenin's interpretations of Marxist theory for practical application to the socio-political conditions of the agrarian early 20th-century Russian Empire. Leninism was the Russian application of Marxist economics and political philosophy, effected and ...
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.
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]