Related Research Articles
Julius Henry "Groucho" Marx was an American comedian, actor, writer, and singer who performed in film, television, radio, stage, and vaudeville. He was a master of quick wit and is generally considered to have been one of America's greatest comedians.
Karl Marx was a German-born philosopher, economist, political theorist, historian, sociologist, journalist, 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 critical approach of historical materialism in an analysis of capitalism and represents his greatest intellectual achievement. Marx's ideas and theories and their subsequent development, collectively known as Marxism, have exerted enormous influence on modern intellectual, economic and political history.
Friedrich Engels was a German philosopher, political theorist, historian, journalist, and revolutionary socialist. He was also a businessman and Karl Marx's closest friend and collaborator.
In economics, the means of production is a term which describes land, labor, and capital that can be used to produce products ; however, the term can also refer to anything that is used to produce products. It can also be used as an abbreviation of the "means of production and distribution" which additionally includes the logistical distribution and delivery of products, generally through distributors; or as an abbreviation of the "means of production, distribution, and exchange" which further includes the exchange of distributed products, generally to consumers.
Tragedy is a genre of drama based on human suffering and, mainly, the terrible or sorrowful events that befall a main character. Traditionally, the intention of tragedy is to invoke an accompanying catharsis, or a "pain [that] awakens pleasure,” for the audience. While many cultures have developed forms that provoke this paradoxical response, the term tragedy often refers to a specific tradition of drama that has played a unique and important role historically in the self-definition of Western civilization. That tradition has been multiple and discontinuous, yet the term has often been used to invoke a powerful effect of cultural identity and historical continuity—"the Greeks and the Elizabethans, in one cultural form; Hellenes and Christians, in a common activity," as Raymond Williams puts it.
The bourgeoisie is a class of business owners and merchants which emerged in the Late Middle Ages, originally as a "middle class" between peasantry and aristocracy. They are traditionally contrasted with the proletariat by their wealth, political power, and education, as well as their access to and control of cultural, social and financial capital.
Creative destruction is a concept in economics that describes a process in which new innovations replace and make obsolete older innovations. The concept is most readily identified with the Austrian economist Joseph Schumpeter, who derived it from the work of Karl Marx and popularized it as a theory of economic innovation and the business cycle. It is also sometimes known as Schumpeter's gale. In Marxian economic theory, the concept refers more broadly to the linked processes of the accumulation and annihilation of wealth under capitalism.
Timon of Athens is a play written by William Shakespeare and probably also Thomas Middleton in about 1606. It was published in the First Folio in 1623. Timon lavishes his wealth on parasitic companions until he is poor and rejected by them. He then denounces all of mankind, and isolates himself in a cave in the wilderness.
Productive forces, productive powers, or forces of production is a central idea in Marxism and historical materialism.
Marxism is a political philosophy and 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. Marxism has had a profound impact in shaping the modern world, with various left-wing and far-left political movements taking inspiration from it in varying local contexts.
"From each according to his ability, to each according to his needs" is a slogan popularised by Karl Marx in his 1875 Critique of the Gotha Programme. The principle refers to free access to and distribution of goods, capital and services. In the Marxist view, such an arrangement will be made possible by the abundance of goods and services that a developed communist system will be capable to produce; the idea is that, with the full development of socialism and unfettered productive forces, there will be enough to satisfy everyone's needs.
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.
In Marxist thought, a communist society or the communist system is the type of society and economic system postulated to emerge from technological advances in the productive forces, representing the ultimate goal of the political ideology of communism. A communist society is characterized by common ownership of the means of production with free access to the articles of consumption and is classless, stateless, and moneyless, implying the end of the exploitation of labour.
Rudolf Hilferding was an Austrian-born Marxist economist, socialist theorist, politician and the chief theoretician for the Social Democratic Party of Germany (SPD) during the Weimar Republic, being almost universally recognized as the SPD's foremost theoretician of this century. He was also a physician.
The Eighteenth Brumaire of Louis Napoleon is an essay written by Karl Marx between December 1851 and March 1852, and originally published in 1852 in Die Revolution, a German monthly magazine published in New York City by Marxist Joseph Weydemeyer. Later English editions, such as the 1869 Hamburg edition with a preface by Marx, were entitled The Eighteenth Brumaire of Louis Bonaparte. The essay serves as a major historiographic application of Marx's "materialist conception of history".
Capital: A Critique of Political Economy, also known as Capital, is a foundational theoretical text in materialist philosophy and critique of political economy written by Karl Marx, published as three volumes in 1867, 1885, and 1894. The culmination of his life's work, the text contains Marx's analysis of capitalism, to which he sought to apply his theory of historical materialism "to lay bare the economic laws of modern society", following from classical political economists such as Adam Smith, Jean-Baptiste Say, David Ricardo and John Stuart Mill. The text's second and third volumes were completed from Marx's notes after his death and published by his colleague Friedrich Engels. Das Kapital is the most cited book in the social sciences published before 1950.
Social ownership is a type of property where an asset is recognized to be in the possession of society as a whole rather than individual members or groups within it. Social ownership of the means of production is the defining characteristic of a socialist economy, and can take the form of community ownership, state ownership, common ownership, employee ownership, cooperative ownership, and citizen ownership of equity. Within the context of socialist economics it refers particularly to the appropriation of the surplus product, produced by the means of production, or the wealth that comes from it, to society at large or the workers themselves. Traditionally, social ownership implied that capital and factor markets would cease to exist under the assumption that market exchanges within the production process would be made redundant if capital goods were owned and integrated by a single entity or network of entities representing society. However, the articulation of models of market socialism where factor markets are utilized for allocating capital goods between socially owned enterprises broadened the definition to include autonomous entities within a market economy.
The political slogan "Workers of the world, unite!" is one of the rallying cries from The Communist Manifesto (1848) by Karl Marx and Friedrich Engels. A variation of this phrase is also inscribed on Marx's tombstone. The essence of the slogan is that members of the working classes throughout the world should cooperate to defeat capitalism and achieve victory in the class conflict.
The proletariat is the social class of wage-earners, those members of a society whose only possession of significant economic value is their labour power. A member of such a class is a proletarian or a proletaire. Marxist philosophy regards the proletariat under conditions of capitalism as an exploited class - forced to accept meager wages in return for operating the means of production, which belong to the class of business owners, the bourgeoisie.
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.
References
- 1 2 Skousen, Mark (2015-05-18). The Making of Modern Economics: The Lives and Ideas of the Great Thinkers. M.E. Sharpe. p. 141. ISBN 978-0-7656-2827-5.
- ↑ McLellan, David (1973-12-01). Karl Marx: His Life and Thought. Springer. p. 22. ISBN 978-1-349-15514-9.
- ↑ Jones, Gareth Stedman (2016-10-03). Karl Marx: Greatness and Illusion. Harvard University Press. pp. 43–45. ISBN 978-0-674-97480-7.
- 1 2 Rothbard, Murray (2009). Review of Austrian Economics, Volume 4. Ludwig von Mises Institute. p. 170. ISBN 978-1-61016-163-3.
