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In: Economics

1) What were the main ideas and proposals of Karl Marx? 1a) How did the time...

1) What were the main ideas and proposals of Karl Marx? 1a) How did the time period Karl Marx lived in influence his ideas?

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Expert Solution

Answer 1 : Karl marx is considered as most influence thinkers of all time. Marx wrote a number of theories on labour market and new industrial revolution was most prominent. The ideas of Karl Marx are :

  • Materialism : The main idea of the Karl marx philosphy was the materialism. Material things in the world are most valueable and ever changing. It give rise to the who should consumed in what quantity.
  • Exploitation : Karl marx believed that real danger of capitalism was that it has exploited workers. Exploitation means that working more and recieving less money .
  • Alienation : Karl marx believed that alienation is the process of exploiting workers. The alienation believes on the product and act of producing himself on it. The alienation is a kind of seperation or removal from how life naturally is.
  • Revolution : Karl marx believes that the revolution led the workers who would replace the older with more fair system. Marx sought to be in democractic order and taken collective actionand decision.

INFLUENCE ON KARL MARX IDEAS ARE :

  • German Idealist philosophy
  • French socialism
  • English and scottish political economy
  • People of republic china

Karl marx was born in 1818. His ideas are quite influence till the time period of modern economics.


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