Marxism

AAA

DEFINITION of 'Marxism'

A social, political and economic philosophy that examines the effect of capitalism on labor, productivity and economic development. Marxism posits that the struggle between social classes, specifically between the bourgeoisie (capitalists) and proletariat (workers), defines the development of the state, and that the bourgeoisie seek to gain control of the factors of production from the "masses." Only by eliminating the control of the economy from private ownership will the economy continue to grow.

INVESTOPEDIA EXPLAINS 'Marxism'

Because Marxism encompasses social and political ideologies, it is often considered separate from Marxian economics, which focuses on the criticisms of capitalism brought forth by Karl Marx in his 1867 book, "Das Kapital."

RELATED TERMS
  1. Capitalism

    A system of economics based on the private ownership of capital ...
  2. Great Leap Forward

    An economic and social campaign that intended to change China ...
  3. Egalitarianism

    A philosophical thought system that emphasizes equality and equal ...
  4. Circuitism

    A macroeconomic explanation of how banks create money for production ...
  5. Communism

    A political and economic ideology based on communal ownership ...
  6. Socialism

    An economic and political system based on public or collective ...
Related Articles
  1. Adam Smith: The Father Of Economics
    Economics

    Adam Smith: The Father Of Economics

  2. 10 Books Worth Investing In
    Investing Basics

    10 Books Worth Investing In

  3. The History Of Economic Thought
    Economics

    The History Of Economic Thought

  4. The History Of Capitalism: From Feudalism ...
    Personal Finance

    The History Of Capitalism: From Feudalism ...

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center