Wednesday, May 6, 2020

The Annotated Bibliography The Communist Manifesto ...

Summary of the Annotated Bibliography: The theory of Marxism generates a method for the analysis of society, which focuses on class relations and conflict amongst humanity. Inspired by Karl Marx (a German philosopher, economist, sociologist, historian and journalist), the theory influences contemporary understanding of labour and its connection to capital. Marx’s most notable publications ‘The Communist Manifesto’ and ‘Das Kapital’ showcase his analytical work and well-know themes related to Marxism. Marx’s findings from his societal analysis produced a body of work that showed an important relationship between the capitalist and the worker. The general idea of the connection involved exploitation of workers to obtain economic growth for the capitalist. The definition of this significant relationship generated a series of theories displayed within ‘Das Kapital’. Together, it communicates an idea that explains the formation of social stratification, which divides society into a series of classes ranging from rich to poor. Marxism is an important theoretical idea, which has shaped the way we perceive the economic world. Although the idea arose in the mid-nineteenth century, it has provided an everlasting theoretical lens for critiquing contemporary economic practice. Marxism has provoked a diverse body of academics and theoreticians to contribute to the discussion, as well as use its structure to study modern day manufacturing, most commonly seen in China. Exploitation

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