Question

write contribution of karl marx to socialism

Answer 1

Karl Marx made several importantcontributions to economics. ... Among his well known theories is the labor theory of value (LTV) which argues that the economic value of a good or service is determined by the total amount of socially necessary labor required to produce it.

Answer 2

Karl Marx laid the foundations of revolutionary socialism with his friend Frederick Engels.Having read quite a bit of Marx’s work over a number of years it becomes pretty obvious who can and cannot be considered as socialists at the present time.Marx had a PhD in philosophy, had worked as a journalist. He was a systematizer who worked with ideas that had already been developed in the socialist movement.