Marxism – Definition

Cite this article as:"Marxism – Definition," in The Business Professor, updated January 16, 2020, last accessed November 26, 2020,


Marxism Definition

Marxism is a socio-economic philosophy or method of analysis. It seeks to explain social movements or transformations in society that are driven by economic conditions affecting social classes.

The theory explains that forces of production (such as technology improvements) will obviate (do away with the need for) individuals who do that work. This will cause conflict between the class of individuals who own or control production (bourgeoise) and those who work to actual produce (proletariat) classes.

A Little More on What is Marxism

Marxist theory derives form the works of 19th-century German philosophers Karl Marx and Freidrich Engels. Marxist theories have developed over time and apply to many productive areas.

The theory rests on the idea that social change happens based upon the struggle between socio-economic classes.

Academic Research on Marxism

Marxism and class theory, Parkin, F. (1983).

Marxism¬†and Deconstruction a Critical Articulation, Ryan, M. (1982). ¬†This paper examines the Marxism theory and deconstruction. It highlights the differences between both theories as well as their similarities. This study focuses on Marx’s radical critique of capitalist ideology. It also aims to associate Marxism and deconstrution while avoiding Marx’s logocentric misappropriation of metaphysics factors.

The problem of ideology-Marxism without guarantees, Hall, S. (1986). Journal of Communication Inquiry, 10(2), 28-44.

Marxism and law, Collins, H. (1995).

The origins of capitalist development: a critique of neo-Smithian Marxism, Brenner, R. (1977). New Left Review, (104), 25. This paper explores the problems posed by the appearance of systematic barriers to economic advance in the course of capitalist expansion to the Maxist theory. It also examines the response to this problem to revise Marx’s conceptions regarding economic development.

Marxism and morality, Lukes, S. (1986). Capital & Class, 10(2), 220-222. This paper is a work dedicated to the topic Marxism and Morality. In this work, the author  addresses the questions on which Marxist thinkers and actors have taken a number of characteristic stands as well as other questions on which Marxism falls silent using positions taken by Marx, Engels, and their descendants in relation to moral issues.

Critical theory, Marxism and modernity, Kellner, D. (1992).  This study explores the effects of historical crises of capitalism and Marxism on critical theory and reflects on the continued relevance or obsolescence of Marxism and critical theory.

Communications: blindspot of western Marxism, Smythe, D. W. (1977). CTheory, 1(3), 1-27. This paper reviews the Marxism view of advertisement. In this paper, the author reviews the word of a popular marxist with regards to gains from advertisment. The paper examines the belief that the audience is the main laborer in making ads profitable, but they are paid nothing for this labor. This paper thus portrays the audience as a free laborer.

Marxism and the national question, Stalin, J. (1975).

Marxism¬†and development sociology: interpreting the impasse, Booth, D. (1985). World Development,¬†13(7), 761-787. There is an increasing sense that the ‚Äėnew‚Äô Marxist-influenced development sociology which emerged in the early 1970s has reached some kind of impasse. This paper suggests that there are good reasons for this sense of unease; that the weaknesses and lacunae in current sociological development research cannot be attributed entirely to the influence of any particular radical perspective, and that understanding the impasse requires standing back from the theoretical controversies of the past decade and a half to examine some underlying commonalities of approach.


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