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2023-01-20 14:57:01
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Quick Review
Marxism, Economic Marxism, what is Marxism in International Political Economy | IPE theory
Marxism posits that the struggle between social classes—specifically between the bourgeoisie, or capitalists, and the proletariat, or workers—defines economic relations in a capitalist economy and will lead inevitably to a communist revolution.
According to Marx, legal relations and the forms of the state are routed in the material conditions of life. His conception of the state is therefore related to the productive base of the society through various stages of history.
According to Marxist political economy, ownership of the means of production is the core of the relations of production, and this determines a society's fundamental nature and the orientation of its development.
the political and economic theories of Karl Marx and Friedrich Engels, later developed by their followers to form the basis of communism.
Marxism is a left-wing to far-left method of socioeconomic analysis that uses a materialist interpretation of historical development, better known as historical materialism, to understand class relations and social conflict and a dialectical perspective to view social transformation.
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