Economic determinism

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Washington D.C. Concentration of wealth in the control of a few corporations has increased since 1931. Dr. Charles A. Beard, (right) told the Senate Judiciary subcommittee. Dr. Beard, noted political scientist and economist, was testifying in defense of the O'Mahoney Corporation Licensing Bill, which, if passed, will require corporations dealing in interstate commerce to comply with specified standards to acquire a federal license. Senator Joseph O'Mahoney, author of the bill and Chairman of the Committee, on left Concentrated wealth on increase. Washington D.C. Concentration of wealth in the control of a few corporations has increased since 1931. Dr. Charles A. Beard, (right) told the Senate LCCN2016871193.jpg
Washington D.C. Concentration of wealth in the control of a few corporations has increased since 1931. Dr. Charles A. Beard, (right) told the Senate Judiciary subcommittee. Dr. Beard, noted political scientist and economist, was testifying in defense of the O'Mahoney Corporation Licensing Bill, which, if passed, will require corporations dealing in interstate commerce to comply with specified standards to acquire a federal license. Senator Joseph O'Mahoney, author of the bill and Chairman of the Committee, on left

Economic determinism is a socioeconomic theory that economic relationships (such as being an owner or capitalist or being a worker or proletarian) are the foundation upon which all other societal and political arrangements in society are based. The theory stresses that societies are divided into competing economic classes whose relative political power is determined by the nature of the economic system.

Contents

In the writing of American history the term is associated with historian Charles A. Beard (1874–1948), who was not a Marxist but who emphasized the long-term political contest between bankers and business interest on the one hand, and agrarian interests on the other. [1]

Relation to Marxist philosophy

According to Marx, each social mode of production produces the material conditions of its reproduction. Otherwise said, it is the ideology that is responsible for grounding secondary civil services such as politics, legislature, and even culture to an extent. Roughly speaking, ideology is the guiding influence of the mode of production, and without it, difficulties would theoretically arise with reproduction. Marx did not believe that the same economic rules governed all of history, but that each new era brought with it new economic factors. [2] Furthermore, Marx and Engels are said to have believed, should a revolutionary force change the mode of production, the dominant class will immediately set out to create a new society to protect this new economic order. [3] In the modernity of their era, Marx and Engels felt the propertied class had essentially accomplished the establishment of a new societal and economic order, instinctively creating a society protective of their capitalist interests. They made this statement to the Bourgeoisie in the Communist Manifesto : "Your very ideas are but the outgrowth of conditions of your bourgeois production and bourgeois property, just as your jurisprudence is but the will of your class, made into law for all, a will whose essential character and direction are determined by the economic conditions of the existence of your class." [4] Marx also believed that the same ideas could not grow out of just any economic system:" Don Quixote long ago paid the penalty for wrongly imagining that knight-errantry was compatible with all economical forms of society." [5]

Criticism

Other Marxists and Marx-scholars—including Eduard Bernstein, [6] Gerald Hubmann, [7] György Lukács, Antonio Gramsci, Louis Althusser, Maurice Godelier, Franz Jakubowski, Edward P. Thompson and Michael Löwy—completely reject the interpretation of Marx and Engels as "economic determinists". They claim this idea is based on a poor and selective reading of Marx and Engels' work. They argue that this interpretation originated in the early years of the Second International and was popularised by Paul Lafargue [8] and Nikolai Bukharin, among others. They refer to the disclaimers by Engels (see historical materialism) to the effect that while Marx and himself had focused a lot on the economic aspects, they were very aware that this did not in fact constitute the totality of society or of social life. In Socialism: Utopian and Scientific , Engels notes how the same material conditions and class situation led to different political situations in Britain as that society tried to adapt to the results of the French Revolution and other external events. [9] Richard Wolff also notes that Marx studied things he thought under appreciated by mainstream academia, but did not proclaim or think their theories to be irrelevant. [10]

Notable economic determinists

American geostrategist Thomas P. M. Barnett describes himself as an economic determinist in his book The Pentagon's New Map . Maurice Rea Davie describes William Graham Sumner as an economic determinist, albeit not of the Marxian variety, in his book about the former social scientist.

See also

Related Research Articles

<span class="mw-page-title-main">Karl Marx</span> German-born philosopher (1818–1883)

Karl Heinrich Marx was a German-born philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and revolutionary socialist. His best-known works are the 1848 pamphlet The Communist Manifesto and the three-volume Das Kapital (1867–1894); the latter employs his theory of historical materialism in an analysis of capitalism, representing his greatest intellectual achievement. The founder of Marxism, Marx's political and philosophical thought has had enormous influence on subsequent intellectual, economic, and political history.

Marxism is a left-wing to far-left method of socioeconomic analysis that uses a materialist interpretation of historical development, better known as historical materialism, to understand class relations and social conflict and a dialectical perspective to view social transformation. It originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. As Marxism has developed over time into various branches and schools of thought, no single, definitive Marxist theory exists.

The theory of the productive forces, sometimes referred to as productive force determinism, is a variation of historical materialism and Marxism that places primary emphasis on technical advances as the basis for advances and changes in the social structure and culture of a given civilization. The relative strength assigned to the role of technical or technological progress in impacting society and social advancement differs among different schools of Marxist thinkers. A related concept is technological determinism.

Criticism of Marxism has come from various political ideologies and academic disciplines. This includes general intellectual criticism about dogmatism, a lack of internal consistency, criticism related to materialism, 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.

Marxian class theory asserts that an individual's position within a class hierarchy is determined by their role in the production process, and argues that political and ideological consciousness is determined by class position. A class is those who share common economic interests, are conscious of those interests, and engage in collective action which advances those interests. Within Marxian class theory, the structure of the production process forms the basis of class construction.

Marxism is a method of socioeconomic analysis that originates in the works of 19th century German philosophers Karl Marx and Friedrich Engels. Marxism analyzes and critiques the development of class society and especially of capitalism as well as the role of class struggles in systemic, economic, social and political change. It frames capitalism through a paradigm of exploitation and analyzes class relations and social conflict using a materialist interpretation of historical development – materialist in the sense that the politics and ideas of an epoch are determined by the way in which material production is carried on.

Socialism is a political philosophy and economic system based on the collective ownership and control of the means of production; as well as the political and economic theories, ideologies and movements that aim to establish a socialist system.

<i>Why Marx Was Right</i> 2011 non-fiction book by Terry Eagleton

Why Marx Was Right is a 2011 non-fiction book by the British academic Terry Eagleton about the 19th-century philosopher Karl Marx and the schools of thought, collectively known as Marxism, that arose from his work. Written for laypeople, Why Marx Was Right outlines ten objections to Marxism that they may hold and aims to refute each one in turn. These include arguments that Marxism is irrelevant owing to changing social classes in the modern world, that it is deterministic and utopian, and that Marxists oppose all reforms and believe in an authoritarian state.

<span class="mw-page-title-main">Base and superstructure</span> Model of society in Marxist theory

In Marxist theory, society consists of two parts: the base and superstructure. The base refers to the mode of production which includes the forces and relations of production into which people enter to produce the necessities and amenities of life. The superstructure refers to society's other relationships and ideas not directly relating to production including its culture, institutions, roles, rituals, religion, media, and state. The relation of the two parts is not strictly unidirectional. The superstructure can affect the base. However, the influence of the base is predominant.

Classical Marxism refers to the economic, philosophical, and sociological theories expounded by Karl Marx and Friedrich Engels in their works, as contrasted with later developments in Marxism, especially the Orthodox Marxism and Marxism–Leninism which emerged after their deaths. The core concepts of classical Marxism include alienation, base and superstructure, class consciousness, class struggle, exploitation, historical materialism, ideology, revolution; and the forces, means, modes, and relations of production. Marx's political praxis, including his attempt to organize a professional revolutionary body in the First International, often served as an area of debate for subsequent theorists.

<span class="mw-page-title-main">Marxist literary criticism</span>

Marxism was introduced by Karl Marx. Most Marxist critics who were writing in what could chronologically be specified as the early period of Marxist literary criticism, subscribed to what has come to be called "vulgar Marxism." In this thinking of the structure of societies, literary texts are one register of the superstructure, which is determined by the economic base of any given society. Therefore, literary texts are a reflection of the economic base rather than "the social institutions from which they originate" for all social institutions, or more precisely human–social relationships, are in the final analysis determined by the economic base.

Marxist historiography, or historical materialist historiography, is an influential school of historiography. The chief tenets of Marxist historiography include the centrality of social class, social relations of production in class-divided societies that struggle against each other, and economic constraints in determining historical outcomes. Marxist historians follow the tenets of the development of class-divided societies, especially modern capitalist ones.

The socialist mode of production, sometimes referred to as the communist mode of production, or simply (Marxian) socialism or communism as Karl Marx and Friedrich Engels used the terms communism and socialism interchangeably, is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory. The Marxist definition of socialism is that of production for use-value, therefore the law of value no longer directs economic activity. Marxist production for use is coordinated through conscious economic planning. According to Marx, distribution of products is based on the principle of "to each according to his needs"; Soviet models often distributed products based on the principle of "to each according to his contribution". The social relations of socialism are characterized by the proletariat effectively controlling the means of production, either through cooperative enterprises or by public ownership or private artisanal tools and self-management. Surplus value goes to the working class and hence society as a whole.

Marxist philosophy or Marxist theory are works in philosophy that are strongly influenced by Karl Marx's materialist approach to theory, or works written by Marxists. Marxist philosophy may be broadly divided into Western Marxism, which drew from various sources, and the official philosophy in the Soviet Union, which enforced a rigid reading of Marx called dialectical materialism, in particular during the 1930s. Marxist philosophy is not a strictly defined sub-field of philosophy, because the diverse influence of Marxist theory has extended into fields as varied as aesthetics, ethics, ontology, epistemology, social philosophy, political philosophy, the philosophy of science, and the philosophy of history. The key characteristics of Marxism in philosophy are its materialism and its commitment to political practice as the end goal of all thought. The theory is also about the struggles of the proletariat and their reprimand of the bourgeoisie.

Orthodox Marxism is the body of Marxist thought which emerged after the death of Karl Marx and Friedrich Engels in the late 19th century, expressed in its primary form by Karl Kautsky. Kautsky's views of Marxism dominated the European Marxist movement for two decades, and orthodox Marxism was the official philosophy of the majority of the socialist movement as represented in the Second International until the First World War in 1914, which caused Kautsky's influence to wane and brought to prominence the alternative orthodoxy of Vladimir Lenin. Orthodox Marxism aimed to simplify, codify and systematize Marxist method and theory by clarifying perceived ambiguities and contradictions in classical Marxism.

<span class="mw-page-title-main">Utopian socialism</span> Political theory concerned with imagined socialist societies

Utopian socialism is the term often used to describe the first current of modern socialism and socialist thought as exemplified by the work of Henri de Saint-Simon, Charles Fourier, Étienne Cabet, and Robert Owen. Utopian socialism is often described as the presentation of visions and outlines for imaginary or futuristic ideal societies, with positive ideals being the main reason for moving society in such a direction. Later socialists and critics of utopian socialism viewed utopian socialism as not being grounded in actual material conditions of existing society. These visions of ideal societies competed with revolutionary and social democratic movements.

Scientific socialism is a term which was coined in 1840 by Pierre-Joseph Proudhon in his book What is Property? to mean a society ruled by a scientific government, i.e., one whose sovereignty rests upon reason, rather than sheer will:

Thus, in a given society, the authority of man over man is inversely proportional to the stage of intellectual development which that society has reached; and the probable duration of that authority can be calculated from the more or less general desire for a true government, — that is, for a scientific government. And just as the right of force and the right of artifice retreat before the steady advance of justice, and must finally be extinguished in equality, so the sovereignty of the will yields to the sovereignty of the reason, and must at last be lost in scientific socialism.

Various Marxist authors have focused on Marx's method of analysis and presentation as key factors both in understanding the range and incisiveness of Karl Marx's writing in general, his critique of political economy, as well as Grundrisse andDas Kapital in particular. One of the clearest and most instructive examples of this is his discussion of the value-form, which acts as a primary guide or key to understanding the logical argument as it develops throughout the volumes of Das Kapital.

Historical materialism is Karl Marx's theory of history. Marx locates historical change in the rise of class societies and the way humans labor together to make their livelihoods. For Marx and his lifetime collaborator, Friedrich Engels, the ultimate cause and moving power of historical events are to be found in the economic development of society and the social and political upheavals wrought by changes to the mode of production. Historical materialism provides a challenge to the view that historical processes have come to a close and that capitalism is the end of history. Although Marx never brought together a formal or comprehensive description of historical materialism in one published work, his key ideas are woven into a variety of works from the 1840s onward. Since Marx's time, the theory has been modified and expanded. It now has many Marxist and non-Marxist variants.

<span class="mw-page-title-main">Outline of Marxism</span> Overview of and topical guide to Marxism

The following outline is provided as an overview of and topical guide to Marxism:

References

  1. Coleman, Peter J. (1960). "Beard, McDonald, and Economic Determinism in American Historiography". Business History Review. 34 (1): 113–121. JSTOR   3111785.
  2. K. Marx (1952). Capital, (S. Moore and E. Aveling, Trans., F. Engels, Ed.). In R. M. Hutchins (Ed.), Marx (1st ed., Vol. 50, Great Books of the Western World, p. 10). Chicago, Illinois: Encyclopaedia Britannica. (Original work published 1883)
  3. Karl Marx & Friedrich Engels, "The German Ideology," from Selected Writings, p. 120
  4. Karl Marx, Friedrich Engels, Communist Manifesto, p. 35
  5. Marx, Capital, Footnote 2, p. 36
  6. Bernstein, Eduard. "1". Evolutionary Socialism . Retrieved 2020-06-20 via Marxists Internet Archive.
  7. "Afgestoft en gerehabiliteerd". De Groene Amsterdammer (in Dutch). Retrieved 2020-06-20.
  8. Lafargue, Paul (1903). The Historical Method of Karl Marx . Retrieved 2021-05-09 via Marxists Internet Archive.
  9. "Socialism: Utopian and Scientific". www.marxists.org. Retrieved 2020-06-20.
  10. Archived at Ghostarchive and the Wayback Machine : ""Intro to Marxian Economics" 1 (3of6) - Richard D Wolff". YouTube .

Further reading