Marxist Theory On Capitalism And Communism

1468 Words Oct 27th, 2014 6 Pages

Marx was a philosopher and economist. He developed the concept of materialism to study the material things in society, i.e. the economy, that shape and affect the social life of individuals. Marx studied the work of Hegel, however rejected his predecessor’s focus on ideals because he recognized an essential connection with the problems of society and individuals and the material conditions of the society (Ritzer 2011: 21). Marx employed materialism in two facets of his theoretical work, historical materialism and dialectical materialism. Materialism is a central component of Marx’s study of Capitalism and theoretical development of Communism.
Historical Materialism Historical materialism serves a dual role in the Marx theories on Capitalism and Communism. The first purpose is a frame for understanding the perpetuation of class inequality throughout history and across societies. The second purpose is in conceptualizing the evolution of economics in society. Historical materialism, as a principle in Marxist theory, has several tenets; material conditions shape social interactions, means of production of a given time period create practices and principle in society, material conditions evolve over time and the historical record of material conditions and changes is vital to fully understanding the current society and material conditions (Ritzer 2010: 216). Marx emphasized the importance of historical context in his quote. “Men make their own…
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