Marxism: The Major Contributions Of Karl Marx

Karl Marx has born on 5 May 1818 and died on 14 March 1883. He has been studied about political economy and Hegelian philosophy. Marx theories of society, economics and politics called Marxism. He is the philosopher, social scientist, historian and revolutionary, Karl Marx is without a doubt the most influential socialist thinker to emerge in the 19th century. Although he was largely ignored by scholars in his own lifetime, his social, economic and political ideas gained rapid acceptance in the socialist movement after his death in 1883. Until quite recently almost half the population of the world lived under regimes that claim to be Marxist (Kreis, 2000). He is best known not as a philosopher but as a revolutionary, whose works inspired the

Gurley (1984), Karl Marx 7 major contributions to political economy such as he established a framework, investigated the production and circulation processes of industrial capitalism, studied the processes of capital accumulation, one can find an economic theory of the state in Marx's writings, explained how workers are mystified by the system of capitalism, alienated within its production sphere, and misled by false solutions to their problems, investigated the future course of global capitalist and socialist development, and he examined the impact of capitalist expansion on less-developed countries an sketched outlines of the future socialist and communist societies. For the main element of Marx social theory such as all societies are stratified into distinct groups and classes, society is a product of class struggle and social change is more revolutionary than evolutionary, society is a totality, a structure of interrelated levels, social processes are never homogenous and uniform, but contradictory and dialectical, society and history are characterized by certain laws, but it is man who ultimately makes the world through his actions and praxis and class society is held together as much by ideology and as much by

He described his purpose as to lay bare “the economic law of motion of modern society.” The second and third volumes were published posthumously, edited by his collaborator Friedrich Engels (1820–95) (The Editors of Encyclopædia Britannica , 2015). Much of Das Kapital spells out Marx’s concept of the “surplus value” of labour and its consequences for capitalism Marx’s concept of the “surplus value” of labor and its consequences for capitalism on das kapital. The nature of commodities, wages and the worker-capitalist relationship, among other things. Surplus value is the incipient capitalist starts by buying in order to sell, and to sell at a higher price, in order to get back by an increment in money surplus-value cannot come either from the buyer buying the commodities under their value, or from the seller selling them above their value. The increase in the value of money that is to be converted into capital cannot take place in the money itself, nor can it originate in the purchase, is not different from its value. Marx’s great insight was that the source of surplus value lies in the difference between the value of labour-power (wages) and the value created in the course of the working day. Labour is the source of surplus value such as the source of all