describe the contribution of Karl Marx in the history of socialist ideas
Answers
Explanation:
In Marxist theory, the socialist mode of production (also referred to as lower-stage of communism[1] or simply socialism, as Karl Marx and Friedrich Engels used the terms socialism and communism interchangeably) refers to a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism. The Marxist definition of socialism is an economic transition. In this transiton, the sole criterion for production is use-value (i.e. direct satisfaction of human needs, or economic demands). Therefore, the law of value no longer directs economic activity. Marxist production for use is coordinated through conscious economic planning. Distribution of products is based on the principle of "to each according to his contribution". The social relations of socialism are characterized by the proletariat effectively controlling the means of production, either through cooperative enterprises or by public ownership or private artisanal tools and self-management. Surplus value, thus, goes to the working class and hence society as a whole.
The contribution of Karl Marx:
- Karl Marx (1818 – 1883) was a German philosopher, economist, journalist and anarchist who, owing to the influence of his ideas on subsequent intellectual, economic, and political history, became one of the most prominent figures in history.
- His most popular plays include the Communist Manifesto, One of the most influential political texts in the world; and Das Kapital, the main intellectual document of socialist theory, economics and politics.
- Between Marx's most prominent ideas are the theory of social struggle-based historical materialism; and the theory of the exploitation of labor under capitalist conditions. He is refered to as the father of modern sociology, laid the basics for understanding labor and its relation to capital in his work in economics.
- Knowledge of Karl Marx's contributions to sociology and economics, as well as his theories about communism and capitalism, through his ten great achievements.
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