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Marx's "base determines superstructure" axiom, however, requires qualification: the base is the whole of productive relationships, not only a given economic element, e.g. the working class; historically, the superstructure varies and develops unevenly in society's different activities; for example, art, politics, economics, etc.
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie.
This is an accepted version of this page This is the latest accepted revision, reviewed on 23 February 2025. Economic and sociopolitical worldview For the political ideology commonly associated with states governed by communist parties, see Marxism–Leninism. Karl Marx, after whom Marxism is named. Friedrich Engels, who co-developed Marxism. Marxism is a political philosophy and method of ...
The latter are partly superficial complaints which can easily be refuted as they are diametrically opposite of well known statements by Marx, Lenin, Trotsky and others, part pettifogging and redundant restatement of the same thing and partly true observations of inferior and simplistic presentations of Marxist thought (by those espousing some ...
Base and superstructure: Marx and Engels use the “base-structure” concept to explain the idea that the totality of relations among people with regard to “the social production of their existence” forms the economic basis, on which arises a superstructure of political and legal institutions. To the base corresponds the social ...
Although Marx and Engels wrote very little on socialism and neglected to provide any details on how it might be organized, [7] numerous social scientists and neoclassical economists have used Marx's theory as a basis for developing their own models of socialist economic systems. The Marxist view of socialism served as a point of reference ...
In 1989, Wolff joined with a group of colleagues and students to launch Rethinking Marxism, an academic journal that aims to create a platform for rethinking and developing Marxian concepts and theories within economics as well as other fields of social inquiry. For more than two decades, he served as a member of the editorial board of the journal.
Marxism and Keynesianism is a method of understanding and comparing the works of influential economists John Maynard Keynes and Karl Marx.Both men's works has fostered respective schools of economic thought (Marxian economics and Keynesian economics) that have had significant influence in various academic circles as well as in influencing government policy of various states.