Moral Economy
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Moral Economy
Moral economy refers to economic activities viewed through a moral, not just a material, lens. The definition of moral economy is constantly revisited depending on its usage in differing social, economic, ecological, and geographic situations and times. The concept was developed in 1971 by the British Marxist social historian and political activist E. P. Thompson in his essay, "The Moral Economy of the English Crowd in the Eighteenth Century", to describe and analyze a specific class struggle in a specific era, from the perspective of the poorest citizens—the "crowd". While Thompson had used the term moral economy in his 1963 book ''The Making of the English Working Class'', it was in the 1971 essay that he provided a thick description of the centuries-old paternalistic feudal moral economy of production and exchange that was rapidly being replaced by the classical political economy. Thompson saw the "crowd" as subjects, not objects, of history. He used the analytical tools of ...
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Marxist
Marxism is a Left-wing politics, left-wing to Far-left politics, far-left method of socioeconomic analysis that uses a Materialism, materialist interpretation of historical development, better known as historical materialism, to understand Social class, class relations and social conflict and a dialectical perspective to view social transformation. It originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. As Marxism has developed over time into various branches and schools of thought, no single, definitive Marxist philosophy, Marxist theory exists. In addition to the schools of thought which emphasize or modify elements of classical Marxism, various Marxian concepts have been incorporated and adapted into a diverse array of Social theory, social theories leading to widely varying conclusions. Alongside Marx's critique of political economy, the defining characteristics of Marxism have often been described using the terms dialectical mater ...
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