Capitalism and Marx
Main article: Marxian economicsJust as the term "mercantilism" had been coined and popularised by its critics, like Adam Smith, so was the term "capitalism" or Kapitalismus used by its dissidents, primarily Karl Marx. Karl Marx (1818–1883) was, and in many ways still remains the pre-eminent socialist economist. His combination of political theory represented in the Communist Manifesto and the dialectic theory of history inspired by Friedrich Hegel provided a revolutionary critique of capitalism as he saw it in the nineteenth century. The socialist movement that he joined had emerged in response to the conditions of people in the new industrial era and the classical economics which accompanied it. He wrote his magnum opus Das Kapital at the British Museum's library.
Read more about this topic: History Of Economic Thought
Famous quotes containing the words capitalism and/or marx:
“When man has nothing but his will to assert—even his good-will—it is always bullying. Bolshevism is one sort of bullying, capitalism another: and liberty is a change of chains.”
—D.H. (David Herbert)
“In an age robbed of religious symbols, going to the shops replaces going to the church.... We have a free choice, but at a price. We can win experience, but never achieve innocence. Marx knew that the epic activities of the modern world involve not lance and sword but dry goods.”
—Stephen Bayley (b. 1951)