The term “historical materialism” refers to a methodology for studying history, economics and society. Its first expression came from Karl Marx, who presented it as the materialist conception of history. This theory seeks to explain changes in productive capacity and technology on the basis of the organization of economy and society as a whole. The theory focuses on the means that humans use to generate the necessities of existence. The relationships among the social classes, the political structures at work in a society, and the general ideologies at play all are part of the consideration. Since the time of Marx, myriads of ...
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Introduction
When Karl Marx wrote his seminal work, das capital, he never thought that his work would be as influential as events in the 20th century testifies. Karl Marx is thought to be one of the most influential economists of all time (Barnett 46). His ideas were first put in practice by Lenin in Russia. Marx had predicted the revolution of the proletariat to depose the owners of capital in the industrial societies. But this revolution happened in one of the most backward societies in Europe at the time. Together with Leon Trotsky, Lenin established communism in Russia. Lenin came ...
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