Search results
Results from the WOW.Com Content Network
Published in German in 2004, the book is structured as a shortened account of Marx's analysis of capitalism, and is written from the standpoint of the Neue Marx-Lektüre school of thought, criticising both Marxist and bourgeois readings of Marx. [1] [2] The book was first published in Germany by Schmetterling Verlag and became one of the most ...
In Das Kapital (1867), Marx proposes that the motivating force of capitalism is in the exploitation of labor, whose unpaid work is the ultimate source of surplus value.The owner of the means of production is able to claim the right to this surplus value because they are legally protected by the ruling regime through property rights and the legally established distribution of shares which are ...
John Stuart Mill in his Of the Tendency of Profits to a Minimum which forms Chapter III of Book IV of his Principles of Political Economy and Chapter V, Consequences of the Tendency of Profits to a Minimum, provides a conspectus of the then accepted understanding of a number of the key elements, after David Ricardo, but without Karl Marx's ...
Capital. A Critique of Political Economy. Volume I: The Process of Production of Capital (German: Das Kapital.Kritik der politischen Ökonomie Erster Band. Buch I: Der Produktionsprocess des Kapitals) is the first of three treatises that make up Das Kapital, a critique of political economy by the German philosopher and economist Karl Marx.
Marx concludes that as value is determined by labour, and as profit is the appropriated surplus value remaining after paying wages, that the maximum profit is set by the minimum wage necessary to sustain labour, but is in turn adjusted by the overall productive powers of labour using given tools and machines, the length of the workday, the ...
[3] Engels went on to prepare a short summary of the central points of Das Kapital, but the pamphlet was never published. [1] Nevertheless, the necessity for popularization of Marx's frequently turgid prose remained — a need finally addressed by Engels with the publication of the short work Socialism: Utopian and Scientific more than a decade ...
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] The core concepts of classical Marxism include alienation, base and superstructure ...
The following outline is provided as an overview of and topical guide to Marxism: . Marxism – method of socioeconomic analysis that analyzes class relations and societal conflict using a materialist interpretation of historical development and a dialectical view of social transformation.