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Economism
Economism is a direct reduction of any political or cultural phenomena or activities to economics. In particular, "economism" was a movement in early Russian Social Democratic Labour Party whose position was that the workers' struggle must be only economical and not political. Robert M. Young used the term as a synonym to Vulgar Marxism, which he defined as "the most orthodox osition in the socio-economic base and the intellectual superstructure". In Marxist analysis Lenin The term economism was used by Lenin in his critique of the trade union movement, in reference to how working class demands for a more global political project can become supplanted by purely economic demands. Economistic demands include higher wages, shorter working hours, secure employment, health care, and other benefits. In his criticism of economism, Lenin's view was that the political figure of the worker could not necessarily be inferred from the worker's social position. Under capitalism, the w ...
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Rabochaya Mysl
''Rabochaya Mysl'' (, ''Workers' Thought'') was a Russian social-democrat newspaper and bearer of the Economism, Economist current. Sixteen numbers were published in total. The first two numbers were released in Saint Petersburg in October and December 1897. In Berlin, the following nine issues were published, from 1898 to April 1901, followed by four other numbers released in Warsaw. The last number was published in December 1902, in Geneva. The most influential editor was Konstantin Tachtarev (1871–1925). Other collaborators were Apollinariya Yakubova (1869–1917), Nicolas Lokhoff, Nikolai Lochov (1872–1948), Vladimir Ivanshin (1869–1904) and Karl August Kok. History The founders of the newspaper were a group of Kolpino, Saint Petersburg, Kolpino, an industrial suburb of Saint Petersburg, formed by the workers Jakov Andreev (1873–1927), the two Dulashev brothers, Efimov, Vlasov, Vetts, and by the employees Fel'dman, Vaneev and Ivanov. A group of workers from Obukhov ...
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Vulgar Marxism
Vulgar Marxism refers to a "belief that one can directly access the real conditions of history" and is sometimes referred to as reflection theory. In 1998, Robert M. Young defined "economism or vulgar Marxism" as "the most orthodox osition in Marxism whichprovides one-to-one correlations between the socio-economic base and the intellectual superstructure". The expression "Vulgar Marxist" is used usually as a derogatory label, rather than a self-identification. Overview Walter Benjamin in '' Theses on the Philosophy of History'' described the Gotha Programme's "defin tion flabor as 'the source of all wealth and all culture" as a "vulgar-Marxist concept of what labor is, hichdoes not bother to ask the question of how its products affect workers". The Gotha programme to Benjamin "wishes to perceive only the progression of the exploitation of nature, not the regression of society". Benjamin contrasted " technocratic" vulgar Marxism with Marx's response to the Gotha programme. ...
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Russian Social Democratic Labour Party
The Russian Social Democratic Labour Party (RSDLP), also known as the Russian Social Democratic Workers' Party (RSDWP) or the Russian Social Democratic Party (RSDP), was a socialist political party founded in 1898 in Minsk, Russian Empire. The party emerged from the merger of various Marxist groups operating under Tsarist repression, and was dedicated to the overthrow of the autocracy and the establishment of a socialist state based on the revolutionary leadership of the Russian proletariat. The RSDLP's formative years were marked by ideological and strategic disputes culminating at its Second Congress in 1903, where the party split into two main factions: the Bolsheviks, led by Vladimir Lenin, who advocated a tightly organized vanguard of professional revolutionaries; and the Mensheviks, led by Julius Martov and others, who favored a more moderate, broad-based model. During and in the years after the 1905 Revolution, the RSDLP operated both legally and underground, publ ...
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Mao Zedong
Mao Zedong pronounced ; traditionally Romanization of Chinese, romanised as Mao Tse-tung. (26December 18939September 1976) was a Chinese politician, revolutionary, and political theorist who founded the People's Republic of China (PRC) in 1949 and led the country from Proclamation of the People's Republic of China, its establishment until Death and state funeral of Mao Zedong, his death in 1976. Mao served as Chairman of the Chinese Communist Party (CCP) from 1943 until his death, and as the party's ''de facto'' leader from 1935. His theories, which he advocated as a Chinese adaptation of Marxism–Leninism, are known as Maoism. Born to a peasant family in Shaoshan, Hunan, Mao studied in Changsha and was influenced by the 1911 Revolution and ideas of Chinese nationalism and anti-imperialism. He was introduced to Marxism while working as a librarian at Peking University, and later participated in the May Fourth Movement of 1919. In 1921, Mao became a founding member of the ...
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Society
A society () is a group of individuals involved in persistent social interaction or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. Societies are characterized by patterns of relationships ( social relations) between individuals who share a distinctive culture and institutions; a given society may be described as the sum total of such relationships among its constituent members. Human social structures are complex and highly cooperative, featuring the specialization of labor via social roles. Societies construct roles and other patterns of behavior by deeming certain actions or concepts acceptable or unacceptable—these expectations around behavior within a given society are known as societal norms. So far as it is collaborative, a society can enable its members to benefit in ways that would otherwise be difficult on an individual basis. Societies vary based o ...
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Culture
Culture ( ) is a concept that encompasses the social behavior, institutions, and Social norm, norms found in human societies, as well as the knowledge, beliefs, arts, laws, Social norm, customs, capabilities, Attitude (psychology), attitudes, and habits of the individuals in these groups.Tylor, Edward. (1871). ''Primitive Culture''. Vol 1. New York: J. P. Putnam's Son Culture often originates from or is attributed to a specific region or location. Humans acquire culture through the learning processes of enculturation and socialization, which is shown by the diversity of cultures across societies. A cultural norm codifies acceptable conduct in society; it serves as a guideline for behavior, dress, language, and demeanor in a situation, which serves as a template for expectations in a social group. Accepting only a monoculturalism, monoculture in a social group can bear risks, just as a single species can wither in the face of environmental change, for lack of functional respo ...
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Politics
Politics () is the set of activities that are associated with decision-making, making decisions in social group, groups, or other forms of power (social and political), power relations among individuals, such as the distribution of Social status, status or resources. The branch of social science that studies politics and government is referred to as political science. Politics may be used positively in the context of a "political solution" which is compromising and non-violent, or descriptively as "the art or science of government", but the word often also carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or in a limited way, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other ...
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Ethics
Ethics is the philosophy, philosophical study of Morality, moral phenomena. Also called moral philosophy, it investigates Normativity, normative questions about what people ought to do or which behavior is morally right. Its main branches include normative ethics, applied ethics, and metaethics. Normative ethics aims to find general principles that govern how people should act. Applied ethics examines concrete ethical problems in real-life situations, such as abortion, treatment of animals, and Business ethics, business practices. Metaethics explores the underlying assumptions and concepts of ethics. It asks whether there are objective moral facts, how moral knowledge is possible, and how moral judgments motivate people. Influential normative theories are consequentialism, deontology, and virtue ethics. According to consequentialists, an act is right if it leads to the best consequences. Deontologists focus on acts themselves, saying that they must adhere to Duty, duties, like t ...
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Laissez-faire
''Laissez-faire'' ( , from , ) is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations). As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e., the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." The original phrase was ''laissez faire, laissez passer'', with the second part meaning "let (things) pass". It is generally attributed to Vincent de Gournay. Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. The Physiocrats were early advocates of ''laissez-faire'' and advocated for an ''impôt unique'', a tax on land rent to replace the "monstrous and crippling net ...
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Invisible Hand
The invisible hand is a metaphor inspired by the Scottish economist and moral philosopher Adam Smith that describes the incentives which free markets sometimes create for self-interested people to accidentally act in the public interest, even when this is not something they intended. Smith originally mentioned the term in two specific, but different, economic examples. It is used once in his '' Theory of Moral Sentiments'' when discussing a hypothetical example of wealth being concentrated in the hands of one person, who wastes his wealth, but thereby employs others. More famously, it is also used once in his '' Wealth of Nations'', when arguing that governments do not normally need to force international traders to invest in their own home country. In both cases, Adam Smith speaks of ''an'' invisible hand, never of ''the'' invisible hand. Going far beyond the original intent of Smith's metaphor, twentieth-century economists, especially Paul Samuelson, popularized the use of th ...
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Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory. Neoclassical economics is the dominant approach to microeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s onward. Classification The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in which he related marginalists in the tradition of Alfred Marshall ''et al.'' to ...
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Supply And Demand
In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris_paribus#Applications, holding all else equal, the unit price for a particular Good (economics), good or other traded item in a perfect competition, perfectly competitive market, will vary until it settles at the market clearing, market-clearing price, where the quantity demanded equals the quantity supplied such that an economic equilibrium is achieved for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics. In situations where a firm has market power, its decision on how much output to bring to market influences the market price, in violation of perfect competition. There, a more complicated model should be used; for example, an oligopoly or product differentiation, differentiated-product model. Likewise, where a buyer has market power, models such as monopsony will be more a ...
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