Marxist Political Economy - Essay Example

Summary

The materialist method is a theory developed by Karl Marx to explain how the society and its economy are organized. This essay lucidly examines how Marx explains the impact of the change in material conditions on the organization of a society’s economy…

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Subject: Management
Type: Essay
Level: Masters
Pages: 7 (1750 words)
Downloads: 1
Author: uptonsyble

Extract of sample "Marxist Political Economy"

Download file to see previous pages The first premises have a fundamental basis in the existence of human beings as the basis of the theory. This premise underlines the importance of understanding how human beings are physically organized and how human beings relate to nature and among themselves in the economic organization of a particular society. Marx posits that as soon as men are born, they distinguish themselves from other animals by engaging in productive activities for subsistence. This production for subsistence heavily relies on the type of means of subsistence that men find available to them at the beginning and have to replicate by reproduction. Marx explains that this activity of production is not abstract, but rather a definite activity that shapes the way of life of men using a particular method of production. As population increases, production will also be increased due to the demand created by this increase in population. Inevitably, people have to relate with one another in order for the production process to be carried on without conflicts and to run smoothly. In this regard, Marx again states that the relations among people are dependent on the nature of production they are engaged in.
At the highest level of relations, it is no longer relations among individuals but includes how nations relate with other nations and the internal relations between citizens. Nation to nation relationships are ordered by the levels of specialization each country has achieved in production leading to division of labour. ...Download file to see next pagesRead More

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Marxist Political Economy - Essay Example

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