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Capital, Volume II
''Capital: A Critique of Political Economy'' (), also known as ''Capital'' or (), is the most significant work by Karl Marx and the cornerstone of Marxian economics, published in three volumes in 1867, 1885, and 1894. The culmination of his life's work, the text contains Marx's analysis of capitalism, to which he sought to apply his theory of historical materialism in a critique of classical political economy. 's second and third volumes were completed from manuscripts after Marx's death in 1883 and published by Friedrich Engels. Marx's study of political economy began in the 1840s, influenced by the works of the classical political economists Adam Smith and David Ricardo. His earlier works, including '' Economic and Philosophic Manuscripts of 1844'' and '' The German Ideology'' (1846, with Engels), laid the groundwork for his theory of historical materialism, which posits that the economic structures of a society (in particular, the forces and relations of production) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mode Of Production
In the Marxist theory of historical materialism, a mode of production (German: ''Produktionsweise'', "the way of producing") is a specific combination of the: * Productive forces: these include human labour power and means of production (tools, machinery, factory buildings, infrastructure, technical knowledge, raw materials, plants, animals, exploitable land). * Social and technical relations of production: these include the property, power and control relations (legal code) governing the means of production of society, cooperative work associations, relations between people and the objects of their work, and the relations among the social classes. Marx said that a person's productive ability and participation in social relations are two essential characteristics of social reproduction, and that the particular modality of those social relations in the capitalist mode of production is inherently in conflict with the progressive development of the productive capabilities of human ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henri De Saint-Simon
Claude Henri de Rouvroy, Comte de Saint-Simon (; ; 17 October 1760 – 19 May 1825), better known as Henri de Saint-Simon (), was a French political, economic and socialist theorist and businessman whose thought had a substantial influence on politics, economics, sociology and the philosophy of science. He was a younger relative of the famous memoirist the Duc de Saint-Simon. Saint-Simon created a political and economic ideology known as Saint-Simonianism () that claimed that the needs of an ''industrial class'', which he also referred to as the working class, needed to be recognized and fulfilled to have an effective society and an efficient economy.Keith Taylor (ed, tr.). ''Henri de Saint Simon, 1760–1825: Selected writings on science, industry and social organization''. New York, US: Holmes and Meier Publishers, Inc, 1975. pp. 158–161. Unlike conceptions within industrializing societies of a working class being manual laborers alone, Saint-Simon's late-18th-century conc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georg Wilhelm Friedrich Hegel
Georg Wilhelm Friedrich Hegel (27 August 1770 – 14 November 1831) was a 19th-century German idealist. His influence extends across a wide range of topics from metaphysical issues in epistemology and ontology, to political philosophy and the philosophy of art and religion. Born in 1770 in Stuttgart, Holy Roman Empire, during the transitional period between the Enlightenment and the Romantic movement in the Germanic regions of Europe, Hegel lived through and was influenced by the French Revolution and the Napoleonic wars. His fame rests chiefly upon the '' Phenomenology of Spirit'', the '' Science of Logic'', and his teleological account of history. Throughout his career, Hegel strove to correct what he argued were untenable dualisms endemic to modern philosophy (typically by drawing upon the resources of ancient philosophy, particularly Aristotle). Hegel everywhere insists that reason and freedom, despite being natural potentials, are historical achievements. His d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Criticism Of Marxism
Criticism of Marxism has come from various political ideologies, campaigns and academic disciplines. This includes general intellectual criticism about dogmatism, a lack of internal consistency, criticism related to materialism (both philosophical and historical), arguments that Marxism is a type of historical determinism or that it necessitates a suppression of individual rights, issues with the implementation of communism and economic issues such as the distortion or absence of price signals and reduced incentives. In addition, empirical and epistemological problems are frequently identified. General criticism Some democratic socialists and social democrats reject the idea that societies can achieve socialism only through class conflict and a proletarian revolution. Many anarchists reject the need for a transitory state phase. Some thinkers have rejected the fundamentals of Marxist theory, such as historical materialism and the labor theory of value and have gone on to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Science
Social science (often rendered in the plural as the social sciences) is one of the branches of science, devoted to the study of societies and the relationships among members within those societies. The term was formerly used to refer to the field of sociology, the original "science of society", established in the 18th century. It now encompasses a wide array of additional academic disciplines, including anthropology, archaeology, economics, geography, history, linguistics, management, communication studies, psychology, culturology, and political science. The majority of positivist social scientists use methods resembling those used in the natural sciences as tools for understanding societies, and so define science in its stricter modern sense. Speculative social scientists, otherwise known as interpretivist scientists, by contrast, may use social critique or symbolic interpretation rather than constructing empirically falsifiable theories, and thus treat science in its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bourgeois
The bourgeoisie ( , ) are a class of business owners, merchants and wealthy people, in general, which emerged in the Late Middle Ages, originally as a "middle class" between the peasantry and Aristocracy (class), aristocracy. They are traditionally contrasted with the proletariat by their wealth, political power, and education, as well as their access to and control of Cultural capital, cultural, Social capital, social, and financial capital. The bourgeoisie in its original sense is intimately linked to the political ideology of liberalism and its existence within cities, recognised as such by their urban charters (e.g., municipal charters, town privileges, German town law), so there was no bourgeoisie apart from the Burgher (social class), citizenry of the cities. Rural peasants came under a different legal system. In communist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialisation and whose societal concerns ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scientific Socialism
Scientific socialism in Marxism is the application of historical materialism to the development of socialism, as not just a practical and achievable outcome of historical processes, but the only possible outcome. It contrasts with utopian socialism by basing itself upon material conditions instead of concoctions and ideas, where "the final causes of all social changes and political revolutions are to be sought, not in men's brains, not in men's better insights into eternal truth and justice, but in changes in the modes of production and exchange. They are to be sought, not in the ''philosophy'', but in the ''economics'' of each particular epoch." Fredrich Engels, who developed it alongside Karl Marx, described: To accomplish this act of universal emancipation roletarian revolution and communismis the historical mission of the modern proletariat. To thoroughly comprehend the historical conditions and thus the very nature of this act, to impart to the now oppressed proletarian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Das Kapital, Volume I
''Capital. A Critique of Political Economy. Volume I: The Process of Production of Capital'' () is the first of three treatises that make up , a critique of political economy by the German philosopher and economist Karl Marx. First published on 14 September 1867, Volume I was the product of a decade of research and redrafting and is the only part of to be completed during Marx's life. It focuses on the aspect of capitalism that Marx refers to as the capitalist mode of production or how capitalism organises society to produce goods and services. The first two parts of the work deal with the fundamentals of classical economics, including the nature of value, money, and commodities. In these sections, Marx defends and expands upon the labour theory of value as advanced by Adam Smith and David Ricardo. Starting with the next three parts, the focus of Volume I shifts to surplus value (the value of a finished commodity minus the cost of production), which he divides into absolute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crises
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with Bank run#Systemic banking crises, banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial Economic bubble, bubbles, currency crisis, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (for example, the crisis resulting from the famous tulip mania bubble in the 17th century). Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus and financial crises continue to occur from time to time. It is apparent however that a consistent feature of bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tendency Of The Rate Of Profit To Fall
The tendency of the rate of profit to fall (TRPF) is a theory in the crisis theory of political economy, according to which the rate of profit—the ratio of the profit to the amount of invested capital—decreases over time. This hypothesis gained additional prominence from its discussion by Karl Marx in Chapter 13 of '' Capital, Volume III,'' but economists as diverse as Adam Smith, John Stuart Mill, David Ricardo and William Stanley Jevons referred explicitly to the TRPF as an empirical phenomenon that demanded further theoretical explanation, although they differed on the reasons why the TRPF should necessarily occur. Some scholars, such as David Harvey, argue against the TRPF as a quantitative phenomenon, arguing it is an internal logic driving the movement of capital itself. Geoffrey Hodgson stated that the theory of the TRPF "has been regarded, by most Marxists, as the backbone of revolutionary Marxism. According to this view, its refutation or removal would lead to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Fetishism
In Marxist philosophy, commodity fetishism is the perception of the economic relationships of production and exchange as relationships among things (money and merchandise) rather than among people. As a form of Reification (Marxism), reification, Commodity (Marxism), commodity fetishism presents Value-form, economic value as inherent to the commodities, and not as arising from the workforce, from the human relations that produced the commodity, the goods and the services. Concept In the first chapter of ''Das Kapital, Capital: A Critique of Political Economy'' (1867), commodity fetishism is used to explain how the social organization of labour manifests in the buying and selling of commodities (goods and services). In the marketplace, social relations among people—who makes what, who works for whom, the production-time for a commodity, etc.—are represented as social relations among objects. In the process of Trade, commercial exchange, commodities appear in a depersonali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
