(855) 4-ESSAYS

Type a new keyword(s) and press Enter to search

Marxist Economics

This man was Fredrich Englels. Marx was later ordered to leave Paris because of revolutionary activities and settled in Brussels. This collaboration leads to the writing on the Communist Manifesto (Rader, M. 134). This writing leads too many Marxist revolutions throughout Europe.
             Economic Theories.
             Marx's economic theories mainly deal with the comparison and contrast between Marxism and Capitalism. Karl Marx had many theories that dealt with many different aspects of society. In this paper, I will discuss the theories that deal with Economics. Karl Marx had one main subject for his theories which dealt with the value of labor. This concept deals with the exploitation of workers and the components involved in production.
             The first part of Marx's value of labor theory deals with commodities. Commodities are defined as an object outside of us, a thing that by its properties satisfies human wants of some sort or another (Miliband, R. 243). These commodities have different values and according to Marx every commodity has two values: exchange value and use value. The use value of a commodity refers to the fact that is has some sort of use; it serves some purpose or meets some want. Every commodity must have a use or it has no value and is not a commodity. Exchange value refers to the ratio at which a commodity can be exchanged with another. In certain quantities all commodities can be exchanged for other commodities (Miliband, R. 254). Even the most worthless commodity, when taken in big enough quantities, can be exchanged for the most valuable of commodities. For example, a large quantity of corn or apples can be exchanged for a diamond. .
             The next part of Marx's theory deal with the values of the labor. Marx argued that what commodities all have in common is the fact that they are all products of human labor. It is human labor that has created them and it is the amount of human labor that goes into them that determines value.


Essays Related to Marxist Economics

1. Marxist Theory on Education and the Workforce

Karl Marx was born in 1818 in Trier, thereafter, earned his living as a journalist after studying philosophy and economics in Berlin. ... Marxist, the name of his theory, was established during the Industrial Revolution of the mid-19th century. ... Marxists perceive a capitalist society is being ruled by the economy. ... The important factor to note is that Marxists look at education as a vehicle used for exploitation of the minority population by the ruling class. ... On the other hand, the Functionalists perspective challenges the Marxist theory of education. ...

  • Word Count: 1463
  • Approx Pages: 6
  • Grade Level: Undergraduate

2. Marxist Leninism

In other words, Lenin took different principles from Marxism and combined them with his own beliefs and thus came about Marxist-Leninism. ... This movement regarded themselves as Marxists, but they differed on how Marxism could be applied to Russia's different set of circumstances. After disagreements arose at the London Congress of the Russian Social Democratic Party in 1903, Lenin and his following split away from the Mensheviks who were the classical Marxists and formed the Bolshevik Party. ... The economics of Marxism and the five stages of history related with some degree of verisimi...

  • Word Count: 1739
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: Undergraduate

3. Why do Marxist historians see the French Revolution of 1789

In doing so I will be able to deduce what factors of the causes can be related to a Marxist perspective. ... I shall consider all of the above from a Marxist perspective using material mainly from Marxist historians such as Soboul and Lefebvre and hopefully show the arguments from the revisionist's school of thought and illustrate how there are criticisms and comparatives which can also be drawn. ... Again this gives us a good indication of the class conflict that is such a fundamental Marxist approach. ... The breakdown of feudalistic economics it could be argued was due to changes in ...

  • Word Count: 2327
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

4. The Relationship of Socialism and Fascism

The systems of fascism and Marxist socialism derive in part, or more correctly, in response to, liberalism. ... In relation to Marxist socialism, fascism is a direct opposite. ... Marxism believes that all efforts of humanity can be summed up into simple economics, the class war defining the changes of society. ... Marxists see all of history as the interaction of economic class for domination of paradigm. ... Marxists view fascists as working to promote capitalism and stem the tide of socialism. ...

  • Word Count: 800
  • Approx Pages: 3
  • Grade Level: Undergraduate

5. Economics and Global Capitalism

Globalization is defined with the focus of economics to mean the integration of the state economies through corporations' investment, trade and capital flow into the international economy. ... Contemporary Marxist Approaches the Strengths and Weaknesses The biggest strength of the analysis is that without competition, the innovation of the capitalist diminishes as production continues to become capital intensive. ...

  • Word Count: 2557
  • Approx Pages: 10
  • Has Bibliography
  • Grade Level: Undergraduate

6. The Detrimental Effects of Political Correctness

It starts off by discussing where it emerged; elaborating on how it went from a general Marxist ideology to a less radical modern version. ... According to Lind, political correctness sprung out of the Marxist ideology, which engulfed Russia in the early 1900s. ... "Marxist theory said that when the general European war came the working class throughout Europe would rise up and overthrow their governments ", but this never occurred, he asserted (para. 12). ... Renowned economist Thomas Sowell, in his book Marxism: Philosophy and Economics, discredits many fallacies that surround these policies...

  • Word Count: 1998
  • Approx Pages: 8
  • Has Bibliography
  • Grade Level: Undergraduate

7. Anglo-American Economic Geography

Meanwhile, a growing "Marxist critique of capitalism" (Bryson, et al., 1999, p. 9) had begun. David Harvey a well known Marxist economic geographer and his pessimistic Marxist view reflected and part explained the declining Anglo-American economies. ... Marxists economic geographers abandoned earlier spatial and regional methodologies and some researched the conflicts which had arisen between management and labour, most notably the 1972 and 1974 UK miners' strike (Wheeler, et al., 1998). ... The cultural turn, catalysed by the limitations of political economic geography, also a...

  • Word Count: 1523
  • Approx Pages: 6
  • Grade Level: Undergraduate

8. "Why is it that a high percent

I would like examine the Marxist view point to begin with, since this view point in my opinion, gives the fullest and most adequate answer possible in trying to explain continual working class crime. ... Marxists see crime as a natural side affect of the capitalist system, they see it as inevitable, and unavoidable. ... Therefore if you put a liberal-capitalist society into practise according to Marxists you will inevitably inherit a system where self-promotion and self-gain outweighs the need for collective well-being. ... Also things become more unfair when you take on board the wider...

  • Word Count: 1725
  • Approx Pages: 7
  • Grade Level: Graduate

9. Marxs and Engels systematic theory of InternatÝonal Relation

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. ... The Marxist theory of history claims first of all to be scientific. ... Most scholars agree on the relative paucity of Marxist writing specifically focused on IR. It should be noted however, that paucity does not preclude quality: it may well be that the few Marxist works that do exist offer a thorough approach to IR. This essay asks whether there is such as thing as a coherent Marxist approach ...

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

Got a writing question? Ask our professional writer!
Submit My Question