Probably no one would disagree with the fact that Marx and Engels have created a very strong theory that has affected the studies of sociology, politics, economics and many other spheres of life. ... This would produce increasingly severe credit and banking crises, until the proletariat would easily tip over the whole rotten structure and replace it with a classless society. ...

• Word Count: 1247
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states and non state actors alike, that attempt to resist these often ill defined phenomena captured by the all embracing notion of 'globalisation'. For example, the long term tendency towards freer trade, electronic commerce and the seemingly uncontrollable power of deregulated capital markets do...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate

The Theory of Money and the Theory of Value The most important point to emerge from Marx's theory of money is the idea that money is a form of value. The difficulty with this idea is that we are more familiar with money itself than with value in other forms. But value does appear in forms other than money. For example, the balance sheet of a capitalist firm estimates the value of goods in process and of fixed capital which has not yet been depreciated, as well as the value of inventories of finished commodities awaiting sale. Each of these aggregations of commodities has a value, usually...

• Word Count: 5092
• Approx Pages: 20
• Grade Level: Undergraduate