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Abraham Lincoln in 1863. Address of the International Working Men's Association to Abraham Lincoln, President of the United States of America is a letter written by Karl Marx between November 22 to 29, 1864 that was addressed to then-United States President Abraham Lincoln by United States Ambassador Charles Francis Adams Sr. [1] The letter was written on behalf of the International Workingmen ...
Marxism. " From each according to his ability, to each according to his needs " ( German: Jeder nach seinen Fähigkeiten, jedem nach seinen Bedürfnissen) is a slogan popularised by Karl Marx in his 1875 Critique of the Gotha Programme. [ 1][ 2] The principle refers to free access to and distribution of goods, capital and services. [ 3]
Historical materialism is Karl Marx 's theory of history. Marx located historical change in the rise of class societies and the way humans labor together to make their livelihoods. [ 1] Karl Marx stated that technological development can change the modes of production over time. This change in the mode of production inevitably encourages ...
Capital: A Critique of Political Economy (German: Das Kapital. Kritik der politischen Ökonomie ), also known as Capital and Das Kapital ( German pronunciation: [das kapiˈtaːl] ), is a foundational theoretical text in materialist philosophy and critique of political economy written by Karl Marx, published as three volumes in 1867, 1885, and 1894.
Marxian economics. Reserve army of labour is a concept in Karl Marx 's critique of political economy. [ 1] It refers to the unemployed and underemployed in capitalist society. It is synonymous with "industrial reserve army" or "relative surplus population", except that the unemployed can be defined as those actually looking for work and that ...
Marx suggested capitalism was a transitional historical period that would eventually lead to the proletarian revolution. [8] The essay defines the prices of commodities based on the economic principles of supply and demand. Marx also introduces the labour theory of value, where labour power is a commodity within capitalism. This labour power ...
In disinterring the origins of capital, Marx felt the need to dispel what he felt were religious myths and fairy tales about the origins of capitalism. Marx wrote: This primitive accumulation plays in political economy about the same part as original sin in theology. Adam bit the apple, and thereupon sin fell on the human race.
Wage slavery. Wage slavery is a term used to criticize exploitation of labor by business, by keeping wages low or stagnant in order to maximize profits. The situation of wage slavery can be loosely defined as a person's dependence on wages (or a salary) for their livelihood, especially when wages are low, treatment and conditions are poor, and ...
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