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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.
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 ...
Marx never provided a complete definition of the capitalist mode of production as a short summary, although in his manuscripts he sometimes attempted one. In a sense, it is Marx's three-volume work Capital (1867–1894; sometimes known by its German title, Das Kapital), as a whole that provides his "definition" of the capitalist mode of ...
[9] Marx's theory of economic cycles was formalised by Richard Goodwin in "A Growth Cycle" (1967), [10] a paper published during the centenary year of Capital, Volume I. To resolve the bourgeois contradiction between the ownership of the means of production and the "social act" of production itself, Marx proposed socialization of the means of ...
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 ...
In the Marxist theory of historical materialism, a mode of production (German: Produktionsweise, "the way of producing") is a specific combination of the: . Productive forces: these include human labour power and means of production (tools, machinery, factory buildings, infrastructure, technical knowledge, raw materials, plants, animals, exploitable land).
Marx's theory of historical materialism posits that the economic structure of society – in particular, the forces and relations of production – are the crucial factors in shaping its nature. Rather than a simple description of capitalism as an economic model , Das Kapital instead examines capitalism as a historical epoch and a mode of ...
Leninism comprises socialist political and economic theories developed from Marxism as well as Lenin's interpretations of Marxist theory for practical application to the socio-political conditions of the agrarian early 20th-century Russian Empire. Leninism was the Russian application of Marxist economics and political philosophy, effected and ...