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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.
Bolshevik communists saw these differences as advancements of Marxism made by Lenin. After Lenin's death, his ideology and contributions to Marxist theory were termed "Marxism–Leninism", or sometimes only "Leninism". Marxism–Leninism soon became the official name for the ideology of the Comintern and of Communist parties around the world.
In the history of Marx's thought and Marxism, this work is pivotal in the distinction between the concepts of utopian socialism and what Marx and the Marxists claimed as scientific socialism. Although utopian socialists shared few political, social, or economic perspectives, Marx and Engels argued that they shared certain intellectual ...
The Latin American Structuralist and the American Marxist schools had significant differences but, according to economist Matias Vernengo, they agreed on some basic points: [B]oth groups would agree that at the core of the dependency relation between center and periphery lays [lies] the inability of the periphery to develop an autonomous and ...
Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics and civil liberties under the rule of law, with special emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. [1]
The distinction corresponds to the utopian versus dystopian spectrum used in some theoretical assessments of liberalism, and the book's title is borrowed from the work of the anti-utopian classic-liberal theorist Karl Popper. Other proposed axes include: Focus of political concern: communitarianism vs. individualism.
An economic ideology is a set of views forming the basis of an ideology on how the economy should run. It differentiates itself from economic theory in being normative rather than just explanatory in its approach, whereas the aim of economic theories is to create accurate explanatory models to describe how an economy currently functions.
In Marxist theory, the state is "the institution of organised violence which is used by the ruling class of a country to maintain the conditions of its rule. Thus, it is only in a society which is divided between hostile social classes that the state exists". [15] The state is seen as a mechanism dominated by the interests of the ruling class.