Karl Marx

Dictionary Says

Definition of 'Karl Marx'

A philosopher and economist famous for his ideas about capitalism and communism. Born in Prussia in 1818, Marx, in conjunction with Friedrich Engels, published "The Communist Manifesto" in 1848, which explains history as a class struggle between workers and owners of capital and sees a classless, communist society as an inevitable result of this struggle. Later in his life he wrote "Das Kapital," which discussed the labor theory of value.
Investopedia Says

Investopedia explains 'Karl Marx'

Marx’s work laid the foundations for future communist leaders, such as Vladimir Lenin and Joseph Stalin, and for a political system that would take hold in countries including Russia, China, North Korea and Eastern Europe. Marx is often criticized for discussing economic theory and the exploitation of the working class while failing to maintain a job for a significant period of time.  

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Classical Economics

    Classical ...
  2. Laissez Faire

    An economic ...
  3. Free Enterprise

    An economic ...
  4. Great Leap Forward

    An economic and ...
  5. Keynesian Economics

    An economic ...
  6. Capitalism

    An economic ...
  7. Marxism

    A social, ...
  8. Marxian Economics

    A school of ...
  9. Circuitism

    A macroeconomic ...
  10. Communism

    A political and ...

Articles Of Interest

  1. State-Run Economies: From Public To Private

    Find out how former Iron Curtain countries used private enterprise to join the world financial markets.
  2. Adam Smith: The Father Of Economics

    This free thinker promoted free trade at a time when governments controlled most commercial interests.
  3. Adam Smith And "The Wealth Of Nations"

    Adam Smith's 1776 classic may have had the largest global impact on economic thought.
  4. 4 Misconceptions About Free Markets

    These fallacies have hounded free market economists since the days of Adam Smith.
  5. Should You Invest Your Entire Portfolio In Stocks?

    It is true that stocks outperform bonds and cash in the long run, but that statistic doesn't tell the whole story.
  6. The Uses And Limits Of Volatility

    Check out how the assumptions of theoretical risk models compare to actual market performance.
  7. Risk Tolerance Only Tells Half The Story

    Just because you're willing to accept a risk, doesn't mean you always should.
  8. 5 Tips For Diversifying Your Portfolio

    A diversified portfolio will protect you in a tough market. Get some solid tips here!
  9. Invest Like A Pro

    By following the strategies of the pros, even a beginner can learn to invest like an expert.
  10. 5 Nobel Prize-Winning Economic Theories You Should Know About

    Here are 5 prize-winning economic theories that you’ll want to be familiar with.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center