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In: Economics

Is Marx an economic determinist?  Why or why not?  

Is Marx an economic determinist?  Why or why not?  

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Expert Solution

Economic determinism is a theory suggesting that economic forces determine, shape, and define all political, social, cultural, intellectual, and technological aspects of a civilization.

The theory stresses that societies are divided into competing economic classes whose relative political power is determined by the nature of the economic system. In the version associated with Karl Marx, the emphasis is on the proletariat who are considered to be locked in a class strugglewith the capitalist class, which will eventually end with the revolutionary overthrow of the capitalist system and the gradual development of socialism. Marxist thinkers have dismissed plain and unilateral economic determinism as a form of "vulgar Marxism", or "economism", nowhere included in Marx's works.

The criticism of Marxism that it 'puts too much emphasis on the economic factor' or 'falsely reduces everything to economics' is the main theoretical objection to Marxism in academic circles. The reason it is so popular with professional sociologists, historians, political philosophers and the like is because it fits so neatly the needs of their social situation. Academics are people who earn their living, or like to believe they earn their living, on the basis of their ideas. Instinctively they are repelled by a theory which seems to downplay the role of ideas in history, and therefore to downplay the role of people like themselves. The professional ideologist is naturally drawn to theories which suggest that in the end it is the power of ideas that is decisive in shaping the world.

The first theory, economic determinism, reflects the interest many sociologists had in the thought of Karl Marx, such as the idea that social differentiation and class conflict resulted from economic factors. This approach had its greatest popularity in Europe, where it remained a strong influence on some sociologists until the 1980s. It did not gain a significant foothold in the United States, because American society was thought to be socially mobile, classless, and oriented to the individual. This neglect of Marxism by American sociologists, however, was not due to scholarly ignorance. Sociologists of all periods had read Marx as well as Charles A. Beard’s economic interpretation of American history and the work of Werner Sombart (who had been a Marxist in his early career). Instead, in the 1960s, neo-Marxism—an amalgam of theories of stratification by Marx and Max Weber—gained strong support among a minority of sociologists. Their enthusiasm lasted about 30 years, ebbing with the breakup of the Soviet system and the introduction of postindustrial doctrines that linked class systems to a bygone industrial era. The persistence of social and economic inequality is now explained as a complex outcome of factors, including gender, race, and region, as well as global trade and national politics.


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