Karl Marx’s Work In Economics
Karl Marx’s work in economics laid the basis for the current understanding of labour and its relation to capital, and has influenced much of subsequent economic thought.
Source: Karl Marx – EN
There has been much renewed interest in the economic writings of Karl Marx. In coming years the intellectual legacy of Marxism looks to be a hotly contested field of struggle. Anyway, the early Marx, far from seeing labor as the expression of human essence, equated labor with “alienated labor.” The latter is an indispensable concept, pointing to the separation of producers from their means of subsistence, a separation that constitutes their dependency on exchange. The capital-wage labor separation develops on this basis. Unlike the Marx of Capital, a younger Marx foresaw its eventual abolition. (David Lau).
Bourgeois society and the capitalist mode of production
The growth within the capitalist world-economy of the industrial sector of production, the so-called ‘industrial revolution’, was accompanied by a very strong current of thought which denned this change as both a process of organic development and of progress. There were those who considered these economic developments and the concomitant changes in social organization to be some penultimate stage of world development whose final working-out was but a matter of time. Continue reading
“Marx is useful as an interpretational tool” to understand geo-politics. “I always saw the courtroom as an arena of struggle. It wasn’t always a purely legalistic process involved in the courtroom. You always had to engage with the politics of the situation (Courtenay Griffiths QC, by Niren Tolsi on October 9, 2013)