Introduction:
"The philosophers have only interpreted the world, in various ways: the point, however, is to change it." ~ Karl Marx
One hundred years after his death. Marx is an enormous presence among us. On purely quantitative criteria, judged by the number of his self-avowed followers, he exerts a greater influence than any of the religious founders or any other political figures. It is not difficult to justify a continuous interest in his writings. He presented huge sets of ideologies that revolutionized and directed the economic stand and thoughts of the world.
The career of Karl Marx (1818-1883)—an economist, but also a philosopher, sociologist, prophet, and revolutionist—is proof of the importance of eco nomic ideas. His writing inspired generations of economic thinkers, and in his name entire societies were transformed. Beginning in the 1990s, however, many of the societies began to abandon Marxian ideology and to experiment with a transition to "capitalism." Many, though not all, of these transitions remain rocky and marked with turmoil; others of these societies are searching for a middle way. It remains important for us, therefore, to examine the ideas of such a singularly influential man as Karl Marx.
His famous works include three significant theories that shaped a world period’s economy, that many spectators of the time eventually pondered the on the economic systems as how Marx did. These three theories will be discussed in this paper one by one; Dialectical Materialism, The Communist Manifesto and the Labor Theory of Value.
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The Economic Philosopher: Karl Marx
Marx was first and foremost a philosopher who felt that his job was not merely to interpret and analyze society but also to promote the changes in society that he considered desirable. As a partisan advocate of change,