Short Essay On Marxism

Short Essay On Marxism-37
He called his theory “scientific socialism” to clearly distinguish his approach from that of other socialists (Henri de Saint-Simon and Charles Fourier, for instance), who seemed more content to dream about some future ideal society without comprehending how existing society really worked (see Marx’s scientific socialism combined his economics and philosophy—including his theory of value and the concept of alienation—to demonstrate that throughout the course of human history, a profound struggle has developed between the “haves” and the “have-nots.” Specifically, Marx claimed that capitalism has ruptured into a war between two classes: the bourgeoisie (the capitalist class that owns the means of production) and the proletariat (the working class, which is at the mercy of the capitalists).Marx claimed that he had discovered the laws of history, laws that expose the contradictions of capitalism and the necessity of the class struggle.Karl Marx was one of the greatest revolutionaries of the nineteenth century.

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Also, thought Marx, the anarchic, unplanned nature of a complex market economy is prone to economic crises as supplies and demands become mismatched, causing huge swings in business activity and, ultimately, severe economic depressions.

The more advanced the capitalist economy becomes, Marx argued, the greater these contradictions and conflicts.

The labor theory of value is a major pillar of traditional Marxian economics, which is evident in Marx’s masterpiece, Capital (1867).

The theory’s basic claim is simple: the value of a commodity can be objectively measured by the average number of labor hours required to produce that commodity.

On the contrary, socialism was forced on poor, so-called Third World countries.

And those revolutions unwittingly condemned the masses to systemic poverty and political dictatorship.

Rather than trying to solve esoteric puzzles about the labor theory of value or offering new theoretical models of a planned economy, many of today’s sharpest post-Marxists appreciate marginal analysis and the knowledge and incentive problems of collective action. His efforts in Capital are best understood in light of his 1844 Manuscripts." About twenty years ago I purchased my three volumes of the definitive Charles Kerr edition of Karl Marx's Capital from the Victor Kamkin bookstore in the Washington D.

In this new literature, "There are not two Smiths (the economist and the moral philosopher).

Here is the greatest problem with Marx’s theory of alienation: even with the latest developments in computer technology, we cannot create a comprehensively planned system that puts an end to scarcity and uncertainty.

But for Marxists to speak of alienation under capitalism, they must assume that a successfully planned world is possible.

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