Karl Marx's Meaning of Social Form of Wealth - Essay Example

Social wealth comes from the production of economic goods in a capitalist economy (Heilbroner, 168). Organization of economic activities leads to the division of labor among individuals. The division of labor and the economic organization meets the material needs of society, which creates social wealth. Max argues that production is done for producing exchange value, but the benefits do not last.

                        Marx consideration of labor power as a special kind of commodity

    Max argues that capitalist economies buy labor with money because production is an important part of development. Labor power is a special kind of commodity because it involves the special kind of abilities of human beings. Labor is a special kind of commodity because individuals should be willing to sell their labor power. Max argues that individuals and employers should meet in the marketplace as equals. Employers should be able to put their employees in the position of a buyer’s disposal. It indicates that the laborer distances himself or herself from labor to be able to claim rights its rights. Labor is a special kind of commodity because individuals should not sell the labor he has created (Heilbroner, 169). The individual should sell the labor power because they do not own the means of production. Max argues that some people own the money while some individuals own labor power. It is the reason labor power is a special kind of commodity. Labor power exists in the capacity of a living person.

                                    Karl Max and Malthus's theory of population

            According to Karl Max, the interpretation of the increase in the population is in the context of a capitalistic fiscal system. He argues that a capitalist takes a huge role in the economic sense. He feels that offers capitalist labor a relatively trivial share of labor productivity. Capitalists introduce more machinery in society to increase the value of surplus labor efficiency. According to Max introduction of machinery creates a surplus of individuals due to a lack of jobs to create balance in the economy (Heilbroner, 170). The population is a result of the effect of the capitalist economic system.

            On the other hand, Thomas Malthus believes that population growth occurs quickly in large amounts depending on the birth rate. His theory indicates that the population grows faster than the production rate of food and without measures; an economy can experience famine and war. He feels individuals should have children that they can support. He argues that the population increases at a faster rate than food production.