Essays on Kapital

Classical economics also known as liberal economics was first developed by the father of economics, Adam Smith. His book "An Inquiry into the Nature and the Causes of the Wealth of Nations" was written in 1776. This period is considered as the beginning of classical economics. Adam Smith contributed to economics with his moral thought. He has given our capitalist economy a different form. But Karl Marx first used the term classical economics . He was the most influential thinker and most controversial in his time. He was a great philosopher, social scientist and revolutionary. He is the main person ...

Biography of Karl Marx

Biography of Karl Marx

Personal Background

Karl Marx was as influential socialist thinker of the nineteenth century (Sperber, 2014). People consider him a philosopher, revolutionary, historian, and a great social scientist. While living in Trier, Marx received classical education studying law in Bonn and Berlin. However, he had a strong interest in philosophy made him turn away from studying law (Wheen, 2001). During his years as a student, Marx was introduced to Feuerbach and Hegel’s ideas. He received a doctorate in philosophy in 1841 from University of Jena (Wheen, 2001). He worked for a short period as an editor for ...

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Wаs Mаrx rіght?

In hіs wоrk Cаpіtаl, Kаrl Mаrx wаs tryіng tо prеsеnt а systеmаtіc аccоunt оf thе nаturе, dеvеlоpmеnt, аnd futurе оf thе cаpіtаlіst systеm. Mаrx dеscrіbеs thе nаturе оf cоmmоdіtіеs, wаgеs аnd thе wоrkеr-cаpіtаlіst rеlаtіоnshіp аmоng оthеr thіngs. Much оf thіs wоrk trіеs tо shо ...