Marxism is a political philosophy and method of socioeconomic analysis. It uses a dialectical and materialist interpretation of historical development, better known as historical materialism, to analyse class relations, social conflict, and social transformation. Marxism originates with the works of 19th-century German philosophers Karl Marx and Friedrich Engels. Marxism has developed over time into various branches and schools of thought, and as a result, there is no single, definitive Marxist theory. Marxism has had a profound effect in shaping the modern world, with various left-wing and far-left political movements taking inspiration from it in varying local contexts.
General intellect, according to Karl Marx in his Grundrisse, became a crucial force of production. It is a combination of technological expertise and social intellect, or general social knowledge. The "general intellect" passage in the 'Fragment on machines' section of Grundrisse, says that, while the development of machinery led to the oppression of workers under capitalism, it also offers a prospect for future liberation.
Moishe Postone was a Canadian historian, sociologist, political philosopher and social theorist. He was a professor of history at the University of Chicago, where he was part of the Committee on Jewish Studies.
Time–space compression is an idea referring to the altering of the qualities of space–time and the relationship between space and time that is a consequence of the expansion of capital. It is rooted in Karl Marx's notion of the "annihilation of space by time" originally elaborated in the Grundrisse, and was later articulated by Marxist geographer David Harvey in his book The Condition of Postmodernity. A similar idea was proposed by Elmar Altvater in an article in PROKLA in 1987, translated into English as "Ecological and Economic Modalities of Time and Space" and published in Capitalism Nature Socialism in 1990.
The Mirror of Production is a 1973 book by the French sociologist and philosopher Jean Baudrillard. It is a systematic critique of Marxism. Baudrillard's thesis is that Karl Marx’s theory of historical materialism is too rooted in assumptions and values of political economy which Marx attempted to critique to provide a sufficient framework for radical action. The fault of Marxism is in prioritizing the very concepts that undergird capital, for example, necessity, value, and labor. He furthermore argues that the Marxist view fails to take into account the role of signs and symbols in the production process, as well as the increasing importance of consumer culture. The book is a semiotic critique of the political economy of the sign.
Critique of political economy or simply the first critique of economy is a form of social critique that rejects the conventional ways of distributing resources. The critique also rejects what its advocates believe are unrealistic axioms, faulty historical assumptions, and taking conventional economic mechanisms as a given or as transhistorical. The critique asserts the conventional economy is merely one of many types of historically specific ways to distribute resources, which emerged along with modernity.
Throughout modern history, a variety of perspectives on capitalism have evolved based on different schools of thought.
Marcello Musto is a professor of sociology, and the founding director of the Laboratory for Alternative Theories, at York University in Canada. He is acknowledged globally as one of the authors who has made significant contributions to the revival of Marx studies over the last decade, and his research interests also include Socialist thought, the history of labour movement, and alternative socioeconomic systems. He is the author of The Last Years of Karl Marx: An Intellectual Biography and his major writings comprise four single-authored books, twelve edited volumes, and more than 50 journal articles and books chapters. His work has been translated worldwide in twenty-five languages.
Neo-Marxism is a collection of Marxist schools of thought originating from 20th-century approaches to amend or extend Marxism and Marxist theory, typically by incorporating elements from other intellectual traditions such as critical theory, psychoanalysis, or existentialism. Neo-Marxism comes under the broader framework of the New Left. In a sociological sense, neo-Marxism adds Max Weber's broader understanding of social inequality, such as status and power, to Marxist philosophy.
Post-Marxism is a perspective in critical social theory which radically reinterprets Marxism, countering its association with economism, historical determinism, anti-humanism, and class reductionism, whilst remaining committed to the construction of socialism. Most notably, Post-Marxists are anti-essentialist, rejecting the primacy of class struggle, and instead focus on building radical democracy. Post-Marxism can be considered a synthesis of post-structuralist frameworks and neo-Marxist analysis, in response to the decline of the New Left after the protests of 1968. In a broader sense, post-Marxism can refer to Marxists or Marxian-adjacent theories which break with the old worker's movements and socialist states entirely, in a similar sense to post-Leftism, and accept that the era of mass revolution premised on the Fordist worker is potentially over.
Socially necessary labour time in Marx's critique of political economy is what regulates the exchange value of commodities in trade. In short, socially necessary labour time refers to the average quantity of labour time that must be performed under currently prevailing conditions to produce a commodity.
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.
Value criticism is a social theory which draws its foundation from the Marxian tradition and criticizes the contemporary mode of production. Value criticism was developed partly by critical readings of the traditions of the Frankfurt School and critical theory. Prominent adherents of value criticism include Robert Kurz, Moishe Postone and Jean-Marie Vincent.
The socialist mode of production, also known as socialism or communism, 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.
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other; in many cases Marxian analysis is used to complement, or to supplement, other economic approaches. Because one does not necessarily have to be politically Marxist to be economically Marxian, the two adjectives coexist in usage, rather than being synonymous: They share a semantic field, while also allowing both connotative and denotative differences. An example of this can be found in the works of Soviet economists like Lev Gatovsky, who sought to apply Marxist economic theory to the objectives, needs, and political conditions of the socialist construction in the Soviet Union, contributing to the development of Soviet Political Economy.
The Grundrisse der Kritik der Politischen Ökonomie, often simply the Grundrisse, is an unfinished manuscript by the German philosopher Karl Marx. The series of seven notebooks was rough-drafted by Marx, chiefly for purposes of self-clarification, during the winter of 1857–8. Left aside by Marx in 1858, it remained unpublished until 1939.
Crisis theory, concerning the causes and consequences of the tendency for the rate of profit to fall in a capitalist system, is associated with Marxian critique of political economy, and was further popularised through Marxist economics.
The following outline is provided as an overview of and topical guide to Marxism:
There are five main lines of scholarly criticism of Marx's idea of the form of value.
Time, Labor and Social Domination: A Reinterpretation of Marx's Critical Theory is a 1993 book by the scholar Moishe Postone released by Cambridge University Press. In the book Postone presents a reinterpretation of Marx's critical theory. The book provides a reexamination of the core categories in Marx's critique of political economy.
