According to the dictionary theory is a supposition to account for something, system of rules and principles; however theory can be also described as just a guess or assumption. ... Scholars have developed various sets of tools in order to make sense out of the international system. Ideally we would have a theory of the international system to which all scholars would give their broad assent, in the same way as all physicists accept the theory of relativity. ... Therefore, I would say that Marx and Engels had a theory. ... Where realism and liberalism took the state system for granted, Marxism...

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• Grade Level: Undergraduate

The third image that Waltz highlights the anarchy that exists in the international system. ... Even though Karl Marx did not contribute a deep analysis of international relations, the theory that he proposed of class conflict and the capitalist system has been furthered on by Lenin, to provide us with a theory of world politics. The theory that Lenin proposed, "imperialism as the highest stage of capitalism", along with the "world-system theory" that provides a better understanding of Marxist view on what causes wars. Marxist theory suggests that because of the capitalist ...

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• Grade Level: Undergraduate

By 1912 he had completed his first major work, Theory of Money and Credit. ... In the Theory of Money and Credit, Mises tried to integrate all parts of the economic system, which had previously been separated. ... The increase begins at one point in the economic system and prices will only rise as the new money spreads in ripples throughout the economy. ... Hayek was eventually awarded the Nobel Prize in Economics in 1974 for work on the Trade Cycle Theory. This Nobel Prize for Hayak was an end result of what began in Mises The Theory of Money and C...

• Word Count: 2749
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• Grade Level: Undergraduate

Marx had a strong belief that the economic system to which an area conformed to had total control over every part of life. ... It is within this belief that Marx developed his theory of the relationship between crime and class and this also the basis of the conflict theory. ... Marx's theory states that the capitalist means of production creates a class conflict. This is very similar to the conflict criminological theory which states that crime is a function of class conflict. This theory uses the fact that law is defined by those who hold the political and social power. ...

• Word Count: 520
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Lenin made many contributions to the theory that became known as the Marxist theory. There are four major contributions that stand out, the first being the formation of the Vanguard party, the second being the alliance that was made between the peasants and workers, thirdly, the role of imperial capitalism in the world system, the fourth contribution would be the development of Marx's idea of state and its role. ... The third contribution that Lenin made to Marxist theory would be the role of imperial capitalism in the world system. ... The final contribution that Lenin made to Marxist...

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Marx's vision of a communistic society has helped to pave the way for a better capitalistic system. ... While British society disproved some of Marx's theory, the people also exemplified it. ... In America capitalism was based on a laissez-faire economic system. ... In this way, I view his whole theory being instituted into society as idealistic, but some of his principles are still respectable. ... Communistic principles still survive through features in capitalism despite society's rejection of Marx's theory as a whole. ...

• Word Count: 1638
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• Grade Level: Undergraduate

Examining these differences can be just as important as the theories themselves. Adam Smith's theory of economics established capitalism as the only moral economic system. ... Smith's theory of economics developed from his ideas regarding the proper relations among men. ... Marx's ideas and theories came to be known as Marxism, or scientific socialism. ... All of these theories, although vastly different and even contradicting at times are of substantial importance to modern economic theory. ...

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• Grade Level: Undergraduate

Capitalism: Capitalism is an economic system based on private ownership of the means of production. ... Marx's argument that the alienation of labor centers around the theory that capitalism switches an individual's labor from creation to exploitation. ... But in the modern system of private ownership and the division of labor, the worker is estranged from this essential source of identity and life purpose and is ultimately reduced to the level of animals... (Romagnolo, 1977) Socialism is considered a post-commodity economic system, meaning that production is carried out to directly...

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• Grade Level: Undergraduate

The first section discusses the Communists' theory of history and the relationship proletarians and bourgeoisie. ... First the bourgeoisie must overthrow the feudal system and begin the Capitalism stage. ... Marx believed the workers would govern themselves through systems of communes. He bases this theory on a study of the Paris Communes (Communism and Marxism). ... The Communist Manifesto is an attempt to explain Communism and the theory behind the movement. ...

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Such a system of ownership is both collective and individual in nature. ... The position of revisionism was even worse as regards the theory of crises and the theory of collapse. Only for a very short time could people, think of refashioning the foundations of Marx's theory under the influence of the 'industrial boom' and prosperity. ... Anarchism is a broad term covering many different theories and movements. ... They view their cooperative, but market-based system as the only real possibility for a free market. ...

• Word Count: 1723
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• Grade Level: Undergraduate

In contrast, a socialistic type of government is defined as " Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy" We have had the opportunity to witness, observe and analyze the consequences of socialism since its fall in 1989 during this generation. ... The right to pursue one's dreams and ambitions are encouraged under this system. ...

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Marx's theory of history is an account of the different stages of government through history. ... Capitalism is a political system where privately owned factories exist in order to create profit for the owners. From this political theory comes the economic principle, the law of supply and demand. ... The mercantilist system rested on private property and the use of markets for the basic organization of economic activity. ... The old open-field system of crop rotation was an obstacle to increasing agriculture productivity. ...

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• Grade Level: Undergraduate

The Communist Manifesto reflects an attempt to explain the goals of Communism, as well as the theory underlying this movement. ... In the first section, it discusses the Communists' theory of history and the relationship between proletarians and bourgeoisie. ... Marx argues that each approach fails because it misses out on a key component of Communist theory. ... A well-balanced system wherein currency is exchanged for service, or intellectual property opens the door to a laborers '"'personal'"' advancement. It is well known that this system is also far from perfection...

• Word Count: 765
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One distinct system of economic organizations that exists is Capitalism. ... Those who believe in this system believe in the theory " if you do something good for me, I will do something good for you." ... The other distinct system of economical organization is Socialism. ... Capitalism is an individualistic system, where Socialism is based upon a collectivist system. ... Capitalism is a laissez-faire economic system where Socialism is Keynesian system. ...

• Word Count: 617
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He developed a theory that was based on the idea that economic factors throughout the cycle of history have dictated the struggles that have existed between different classes of society. Marx's theory constructed society of two classes: The bourgeoisie (middle class) and the proletariat (working class). ... Thus the outcome would be the polarization of the bourgeoisie and the proletariat as a result of the degradation of the bourgeois capitalist economic system which would result in an overwhelming increase of the proletariat. ... Marx could never have intended for his theory to work in R...

• Word Count: 1739
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• Grade Level: Undergraduate

So prolific is he that his eponymous theories, Marxism, are still being employed by sociologists, philosophers, and economists alike to this day. ... Eventually creating the school of thought that is now known as Marxism, many theories and ideas espoused by Marx still have a firm influence in sociology (Marx and McLellan, 2000). ... Capitalism is "an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in ...

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• Grade Level: Undergraduate

Plato refers to this as his theory of Mimesis, or imitation. Plato discusses his theory of mimesis in his "Allegory of the Cave" in Book VII of The Republic. ... He also predicts that like most other previous socioeconomic systems, capitalism will eventually produce internal tensions that will lead to a self-destruction then be replaced by a new system called socialism. ... Marxism recruits many critics that share the same theories as Marx's ideology throughout the years. Mikhail Bakhtin is a critic who studies literary theory, ethics, and the philosophy of language. ...

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Regardless of their differences there are many similarities in the theories. The underlying theme in both of the theories is that capitalism rose from a personal society to a highly impersonal society. ... Weber had felt that the impersonal system of capitalism was exemplified in the bureaucratic power. Marx saw the impersonal system in the alienation of the proletariat workers. ... So therefore why would the masses want to change the system? ...

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The wide-definition of the stakeholder theory includes any group or individual who can affect or is affected by the corporation including competitors. ... The most persuasive arguments in support of the stakeholder concept are rooted in the theories of duties and rights. ... There are also a number of alternative theoretical bases, including the theories of procedural and distributive justice, virtue ethics and the duty of care. ... Friedman feels that corporate social responsibility is "fundamentally subversive" to the free market system (Hoffman 141). ... Milton Friedman believes in ...

• Word Count: 1730
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Should Similar SYSTEMS of Free Enterprise Degenerate, Would Their Most Likely Outcomes, in the Short Term, Be Forms of "Fascist" Oligarchy? Free enterprise and individualist democracy is a good political system. Probably the best system mankind could come up with so far. ... Another point that could be brought is that no matter how good the system is, people who live under will never like 100% of it. ... That's why there couldn't be any united fronts with capitalist countries, although many intelligent people clearly saw absurdous ideas and principles in such theories. ...

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Industrialisation was made out to be patriotic by the government and formed an essential pillar in Stalins cry for socialism in one country' theory which promoted building a strong and lasting socialist country. ...

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• Grade Level: Undergraduate

Marx defined communism as an economic system characterized by common ownership of all economic resources. ... As a result, the workers would become aware of their own class interests, revolt against the capitalists, and overthrow the entire system. ... At least in theory, goods were produced to meet the needs of the people. ... Leaders of the former Soviet Union and some Eastern European nations decided to abandon government ownership and control of the means of production because the system was unresponsive to the needs of the marketplace and offered no incentive for increased efficienc...

• Word Count: 742
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• Grade Level: Undergraduate

This is what socialists believe, and it is this belief in equality in every aspect that sets socialism apart from other ideologies and supports the theory that socialism is defined by its commitment to equality. ... Fundamentalist socialists and Marxists seek to abolish capitalism altogether and replace it with a completely different social system. ... In communist tradition capitalism is seen as a morally flawed system that promotes inequality and greed. ... For example, Marxists support absolute equality achieved through the abolition of private property and the class system where as social...

• Word Count: 849
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• Grade Level: Undergraduate

Marx defined communism as an economic system characterized by common ownership of all economic resources. ... As a result, the workers would become aware of their own class interests, revolt against the capitalists, and overthrow the entire system. ... At least in theory, goods were produced to meet the needs of the people. ... Leaders of the former Soviet Union and some Eastern European nations decided to abandon government ownership and control of the means of production because the system was unresponsive to the needs of the marketplace and offered no incentive for increased efficienc...

• Word Count: 746
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• Grade Level: Undergraduate

Consequently between 1921 and 1990 it had an economic system which reflected the Soviet's control : it had a centralized, socialist political system and an economy based on central planning and collectivization. ... The attempt to replace the centralized, collectivized economic system with a free market economy was (and continues to be) fraught with difficulties. ... The attempt at transforming the Mongolian economy was based on global modernization theory. When applied to Mongolia the modernization theory deemed that Mongolia's pastoralists (and typical of traditional socie...

• Word Count: 2388
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• Grade Level: Undergraduate