An analysis of the economic system of capitalism and the role model of karl marx a german philosophe

Life[ edit ] Childhood and early education: The family occupied two rooms on the ground floor and three on the first floor. A classical liberalhe took part in agitation for a constitution and reforms in Prussia, then governed by an absolute monarchy. Lion Philips was a wealthy Dutch tobacco manufacturer and industrialist, upon whom Karl and Jenny Marx would later often come to rely for loans while they were exiled in London.

An analysis of the economic system of capitalism and the role model of karl marx a german philosophe

It was both a review of the working class movement since the unrealised insurrections of and a charter document for the First International.

What was the revolutionary prelude to and what were workers uniting towards in ? That is, his critique of capitalism and claims for the superiority of communism. Having been helped to its demise, by none more so than the supposedly impoverished proletariat, a new and superior socialist economy would emerge, freed of private property and composed of free individuals who jointly owned the means of production in a stateless society where humans—having reverted to the communist idyll—will once again realise their essential nature.

Marxian Political Economy | Exploring Economics

It is a grandiose, some might say, utopian theory of transition and destination that needs a little explanation and historical context. The decade preceding the revolutionary outbreaks of witnessed a rapid growth of industry, widespread famine and intense political ferment in many parts of Europe.

Consequently the poor suffered immeasurably and so became increasingly attracted to socialist and communist ideas. These views acknowledged and explained the contrast between the misery of the masses and the wealth of the owners of the emerging industrial mode of production—the bourgeoisie, or capitalists.

The great promise of industrial society, that free men and women might finally satisfy their material and spiritual needs, remained unfulfilled. Was Marxism then the saviour of the proliferating disenfranchised working class? Marx and Engels certainly thought so.

History however, has not been so convincing. Marx—at least up until the mid 19th century—was unique in the annals of historicism. The originality of his thought lies in the immense efforts to synthesise, in a critical way, the entire legacy of social knowledge since post-Socratic times.

An analysis of the economic system of capitalism and the role model of karl marx a german philosophe

According to Carverp. The desired system would be a communist society based on rational planning, co-operative production, equality of distribution and, quintessentially, liberated from all forms of political and bureaucratic hierarchy.

Marx arrived at this understanding via a materialist conception of history, an explanation of which is mandatory in understanding his critique of capitalism and one that also needs to be seen in the historical context of the increasingly exploitative aspect of the industrial revolution, which, by the time Marx had graduated from the university of Berlin in thewas in full and profit-driven swing.

To understand the present and even hint at the future, Marx adhered to the ancient Greek maxim that nothing is, everything becomes. Rather, the development of society, including ideas and institutions, is first and foremost, the result of the evolution of the material conditions under which humans live for they are the only conditions that both exist and develop independently: Such an approach materialistic revealed the inherent primacy of the economic sphere in shaping all other areas of social activity.

It was an inventive summation derived by scientific and empirical endeavour. For Marx, economics is the driving force in human development. According to the materialist conception of history, the sum total of the relations of production—the way humans organised their social production as well as the instruments they used—constituted the real foundation of society.

It was on this base that there rose a legal and political superstructure to which corresponded definite forms of social consciousness. It was a premise he advocated almost from the outset of his post-Hegelian days in Paris and referred to in The German Ideology but later dutifully argued in his Preface to the Contribution to the Critique of Political Economy Tucker,p.

The mode of production of material life conditions the social, political and intellectual life processes in general. It is not the consciousness of men that determines their being, but, on the contrary, their social being that determines their consciousness.

Having established the economic as the dominant sphere of society, Marx turned to the scandalous working conditions in mines and factories and the societal dislocation taking place around him in the name of capitalism.

Core Elements Would you like to merge this question into it?
Historical development Although this research tradition is very diverse and heterogeneous, it is nevertheless possible to identify some common key tenets. Generally, MPE comprises an integrative analysis of the economy, society and politics.
Current Affairs Karl Marx, The worker becomes all the poorer the more wealth he produces, the more his production increases in power and range.

It was an intolerable environment that Marx envisaged would be replaced by another superior order. Ricardo had made a distinction between use-value and the exchange-value of labour. The exchange-value of an object was something entirely separate from its price that consisted of the amount of labour embodied in the objects produced, though Ricardo thought that the price in fact approximated the exchange-value.

In so surmising, Marx et al incorrectly accepted that the circumstances of production rather than those of demand determined the value of an object. The classic defense of capitalism, at least according to Sabine and Thorsenp.

Here, he disputed the English economist, Thomas Malthus who propounded that population pressures drove wages to subsistence levels. It was this rate of surplus-value around which the struggle between the proletariat—with its declining standard of living—and the owners of the means of production centred.

However, in the long term, Marx envisaged rather too simplistically that with the introduction of machinery and the resulting technical efficiencies, less labour time would be required or available for exploitation thus yielding less surplus value and so profit was bound to decline.

The competition then among capitalists would become acute, leading to monopolistic behemoths thus making exploitation more severe. Profit spirals downward and as society became chronically unable to consume all it produced, the economy will be subjected to a burgeoning array of crises—overproduction, depression and unemployment—and so bring about the inevitable revolutionary transition to communism.

This integument is burst asunder.a political system based on the collective ownership of the means of production; opposed to capitalism Conflict generated by the competition among different class groups for scarce resources and the source of all social change (according to Karl Marx).

Marx and his critique of capitalism.

An analysis of the economic system of capitalism and the role model of karl marx a german philosophe

resplendent with a massive bust of one of capitalism’s greatest critics—Karl Marx (). particularly of the economic system in which we live.

Whether serf or surfer, we are motivated (or manacled) by the prevailing economic impulses yet consider those natural and decidedly fixed.

Who is Karl Marx and what economic system did Karl Marx support and why

However. In pure capitalism, also known as laissez-faire capitalism, the government's role is restricted to providing and enforcing the rules of law by which the economy operates, but it does not interfere with the market.

Much of the interest is due to Marx’s analysis being relevant to the analysis and explanation of the global financial crisis of /; it has also been relevant to various other crisis movements that are linked to the economic system and seem to converge with it, e.g.

the climate crisis. Karl Marx Biography. Karl Heinrich Marx was born into a comfortable middle class home in Trier on the river Moselle in Germany on May 5, At the age of seventeen, Marx enrolled in the Faculty of Law at the University of Bonn.

Marx differentiated between base and superstructure, where the base (or substructure) is the economic system and superstructure is the cultural and political system. Marx regarded this mismatch between economic base and social superstructure as a major source of social disruption and conflict.

SparkNotes: Karl Marx (–): Themes, Arguments, and Ideas