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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 ...
According to G. A. Cohen, author of Karl Marx's Theory of History: A Defence, the level of development of society's productive forces (i.e., society's technological powers, including tools, machinery, raw materials, and labor power) determines society's economic structure, in the sense that it selects a structure of economic relations that ...
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.
The immediate post-war period produced little that was Marxist by these criteria, with perhaps the sole exception of Paul Mattick's essays which defended the orthodox theoretical Marxism, particularly on the issue of Marx's theory of crisis, against revisionists such as Paul Sweezy. Mattick's essay "Technology and the Mixed Economy" (1966) was ...
Dialectical materialism is a materialist theory based upon the writings of Karl Marx and Friedrich Engels that has found widespread applications in a variety of philosophical disciplines ranging from philosophy of history to philosophy of science.
In Marxist theory and Marxian economics, the immiseration thesis, also referred to as emiseration thesis, is derived from Karl Marx's analysis of economic development in capitalism, implying that the nature of capitalist production stabilizes real wages, reducing wage growth relative to total value creation in the economy. Even if real wages ...
The book also reconstructed aspects of Marx's theory of alienation before the publication of the Economic and Philosophical Manuscripts of 1844, in which Marx most clearly expounds the theory. [56] Lukács's work underlines Marxism's origins in Hegelianism and elaborates Marxist theories such as ideology, false consciousness , reification and ...
The term scientific socialism is used by Friedrich Engels to describe the social-political-economic theory pioneered by Karl Marx. The term was coined in 1840 by Pierre-Joseph Proudhon in his book What is Property? [36] to mean a society ruled by a scientific government, i.e., one whose sovereignty rests upon reason, rather than sheer will. [37]