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Marxism: socio economic analysis
The term gets its origin from its founder renowned Karl Marx. It is a philosophy that analyses class relations and societal conflict. The philosophy is based on acquisitive analysis of historical incidents. This process is followed by dialectical outlook of social revolution. It is basically a confluence of both economic and social autopsy to evaluate and review the development of capitalism and the class tussle in universal economic change.
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A synopsis of the principal
Marxism is often a misinterpreted concept owing to various incidents that has lined up the timeline. Marxian analysis commences with an analysis of material conditions and economic activities. The goal of the ideology is to fulfil the society’s quantifiable requirements. As per the Marxian ideology at a certain stage of development the measurable powers of the society come into conflict with the existing relations of production.
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Certain supplementary concepts
The students pursuing degree in political science is supposed to be aware of few terminologies that are enumerated below. You can find the details regarding the same in Marxism Assignment Help.
- Revolution, socialism and communism:
The transition from capitalism to socialism is an inevitable part of the society.
- Social classes:
The classification that finds its basis on the means of production.
- Historical materialism:
“Society does not consist of individuals, but expresses the sum of interrelations, the relations within which these individuals stand.” in the words of Karl Marx.
- Criticism of capitalism:
A social paradigm is way better than a capitalist society.
A look at the classical and academic Marxism
- Classical Marxism:
it is totally based on the philosophies of Karl Marx and Friedrich Engels. It has numerous theories that are nothing but a convergence of social economic and political principles.
- Academic Marxism:
it came into existence much later. It is not much different from the Marxist views as it is build up on the same foundation.
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