EXPLAIN KARL MARX class theory
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ECONOMICS BEHAVIORAL ECONOMICS
Karl Marx
By WILL KENTON
Updated May 13, 2019
TABLE OF CONTENTS
EXPAND
Who Was Karl Marx?
Marx's Inspiration
Marx's Social Economic Systems
Marx's Historical Materialism
Using Marx as a Foundation
His Early Life
Personal Life
Famous Works
Contemporary Influence
The Labor Theory of Value
To Social Transformation
Who Was Karl Marx?
Karl Marx (1818-1883) was a philosopher, author, social theorist, and an economist. He is famous for his theories about capitalism and communism. Marx, in conjunction with Friedrich Engels, published The Communist Manifesto in 1848; later in life, he wrote Das Kapital (the first volume was published in Berlin in 1867; the second and third volumes were published posthumously in 1885 and 1894, respectively), which discussed the labor theory of value. Ironically, Marx was eloquent in describing the exploitation of the working class while personally failing to maintain a job for a significant period of time.
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