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While Marxism had a significant impact on socialist thought, pre-Marxist thinkers (before Marx wrote on the subject) have advocated socialism in forms both similar and in stark contrast to Karl Marx and Friedrich Engels' conception of socialism, advocating some form of collective ownership over large-scale production, worker-management within ...
Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a contemporary one, known as "new economic sociology".
Mercantilism was a political movement and an economic theory that advocated the use of the state's military power to ensure that local markets and supply sources were protected, spawning protectionism. French seaport during the heyday of mercantilism. Mercantile theorists held that international trade could not benefit all countries at the same ...
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 ...
A sociological theory is a supposition that intends to consider, analyze, and/or explain objects of social reality from a sociological perspective, [1]: 14 drawing connections between individual concepts in order to organize and substantiate sociological knowledge.
[The problem of Original Accumulation] presented itself first to those authors, chiefly to Marx and the Marxists, who held an exploitation theory of interest and had, therefore, to face the question of how exploiters secured control of an initial stock of 'capital' (however defined) with which to exploit – a question which that theory per se ...
The need for long-term economic planning to promote efficiency was a central component of Labour Party thinking until the 1970s. The Conservative Party largely agreed, producing the postwar consensus, namely the broad bipartisan agreement on major policies. [31] A long-term economic plan was a phrase often used in British politics.
Computer-based forms of democratic economic planning and coordination between economic enterprises have also been proposed by various computer scientists and radical economists. [25] [7] [24] Proponents present decentralized and participatory economic planning as an alternative to market socialism for a post-capitalist society. [52]