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Neue Marx-Lektüre
(German for "New Reading of Marx") or NML is a revival and interpretation of Karl Marx's critique of political economy, which originated during the mid-1960s in both Western Bloc, Western and Eastern Bloc, Eastern Europe and opposed both Marxist–Leninist and social democratic interpretations of Marx. covers a loose group of authors primarily from German-speaking countries who reject certain historicizing and empiricist interpretations of Marx's analysis of economic forms, many of which are argued to spring from Friedrich Engels role in the early Marxist workers' movement. Overview includes a loose group of authors mainly in German-speaking countries, who revise the historicising and empiricist interpretation of Marx's analysis of economic forms, which goes back to the work of Friedrich Engels. The term has been used since around 1997 and comes from work by Hans-Georg Backhaus. Other names for this inner-Marxist trend include (Neo-Marxism), (Critical Marxism), (Capit ...
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Isaak Illich Rubin
Isaak Illich Rubin (Russian language, Russian: Исаак Ильич Рубин; 12 June 1886 – 27 November 1937) was a Soviet Union, Soviet lawyer, Marxian economics , economist and scholar of Marx's work. His most important published work was ''Essays on Marx's Theory of Value'' (first edition, 1923). His scholarly works and textbooks and his popular lectures, e.g., at the Institute of Red Professors, were an important influence on the early Soviet Russian interpretation of Karl Marx; but he was not himself a Bolshevik and was frequently jailed, then banished to Soviet Central Asia, then executed in 1937 during the Great Purge. Though Rubin's reading of Marx had produced an extensive Russian literature throughout the 1920s, by the late 1930s his work and memory had been completely expunged within the Soviet Union. Rubin was also unknown in the West until the 1970s, when an English translation of his main work, made from a rare surviving copy, appeared – after numerous re ...
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Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ...
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Bourgeois State
The capitalist state is the state, its functions and the form of organization it takes within capitalist socioeconomic systems.Jessop, Bob (January 1977). "Recent Theories of the Capitalist State". ''Soviet Studies''. 1: 4. pp. 353–373. This concept is often used interchangeably with the concept of the modern state. Despite their common functions, there are many different sociological characteristics recognized as aspects of capitalist states.Morishima, Michio (1976)''The Economic Theory of Modern Society'' New York: Cambridge University Press. p. 1. . The primary functions of the capitalist state are to provide a legal framework and infrastructural framework conducive to business enterprise and the accumulation of capital. Different normative theories exist on the necessary and appropriate function of the state in a capitalist economy, with proponents of ''laissez-faire'' favoring a state limited to the provision of public goods and safeguarding private property rights whil ...
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Iring Fetscher
Iring Fetscher (1922–2014) was a German political scientist and researcher on Hegel and Marxism. Fetscher was born on 4 March 1922 at Marbach am Neckar, and was brought up in Dresden. After the Second World War he studied at Tübingen and Paris, receiving a doctorate in 1950. He belatedly published his thesis in 1970. He habilitated in 1959 with a dissertation on the political philosophy of Jean-Jacques Rousseau. From 1963 to 1988 Fetscher was Professor of Political Science and Social Philosophy at the Goethe University Frankfurt. He is identified with the "second generation" of the Frankfurt School, along with Jürgen Habermas, and Alfred Schmidt. Leszek Kołakowski, while taking Fetscher to be a distinguished historian of Marxism with a critical but positive attitude, did not see him as of the Frankfurt School more than notionally. In 1976, he published his own version of '' The Wolf and the Seven Young Goats'' by the Brothers Grimm, (The Goat and the Seven Young Wolves'' ...
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Goethe University Frankfurt
Goethe University Frankfurt () is a public research university located in Frankfurt am Main, Germany. It was founded in 1914 as a citizens' university, which means it was founded and funded by the wealthy and active liberal citizenry of Frankfurt. The original name in German was Universität Frankfurt am Main (University of Frankfurt am Main). In 1932, the university's name was extended in honour of one of the most famous native sons of Frankfurt, the poet, philosopher and writer/dramatist Johann Wolfgang von Goethe. The university currently has around 48,000 students, distributed across four major campuses within the city. The university celebrated its 100th anniversary in 2014. The first female president of the university, Birgitta Wolff, was sworn into office in 2015, and was succeeded by Enrico Schleiff in 2021. 20 Nobel Prize winners have been affiliated with the university, including Max von Laue and Max Born. The university is also affiliated with 18 winners of the Gott ...
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Western Marxism
Western Marxism is a current of Marxist theory that arose from Western and Central Europe in the aftermath of the 1917 October Revolution in Russia and the ascent of Leninism. The term denotes a loose collection of theorists who advanced an interpretation of Marxism distinct from classical and Orthodox Marxism and the Marxism-Leninism of the Soviet Union. Less concerned with economic analysis than earlier schools of Marxist thought, Western Marxism placed greater emphasis on the study of the cultural trends of capitalist society, deploying the more philosophical and subjective aspects of Marxism, and incorporating non-Marxist approaches to investigating culture and historical development. Key themes included the influence of Georg Wilhelm Friedrich Hegel on Karl Marx's thought, and the recovery of the " Young Marx," emphasizing his early, humanistic writings. While some early Western Marxists were prominent political activists, Western Marxism became predominantly the r ...
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Value-form
The value-form or form of value (''"Wertform"'' in German) is an important concept in Karl Marx's critique of political economy, discussed in the first chapter of ''Capital, Volume 1''. It refers to the ''social form'' of tradeable things as units of value, which contrast with their tangible features, as objects which can satisfy human needs and wants or serve a useful purpose. The physical appearance or the price tag of a traded object may be directly observable, but the meaning of its social form (as an object of value) is not. Marx intended to correct errors by the Classical economics, classical economists in defining exchange, value, money and capital, by showing precisely how these economic categories evolved out of the development of trading relations. Playfully narrating the "metaphysical subtleties and theological niceties" of ordinary things when they become instruments of trade, Marx provides a brief social morphology of value as such — what its ''substance'' reall ...
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Open Marxism
Open Marxism is a collection of critical and heterodox Marxist schools of thought which critique state socialism and party politics, stressing the need for openness to praxis and history through an anti-positivist method grounded in the "practical reflexivity" of Karl Marx's own concepts. The "openness" in open Marxism also refers to a non- deterministic view of history in which the unpredictability of class struggle is foregrounded. It is very strongly anti- structuralist in both its Marxism–Leninist and Althusserian forms, while sharing some features with post-Marxist thought. It often (though not always) aligns itself with humanist Marxism, and libertarian, anarchist or left communism. It draws strongly from value-form criticism. Overview Originating from a term used by Johannes Agnoli in a debate with Ernest Mandel, open Marxism began in the 1980s as an effort to unite heterodox Marxist tendencies (against the dogmatism of Marxism-Leninism) and mainstream socio ...
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Monetary Theory Of Value
In economics, economic value is a measure of the benefit provided by a good or service to an economic agent, and value for money represents an assessment of whether financial or other resources are being used effectively in order to secure such benefit. Economic value is generally measured through units of currency, and the interpretation is therefore "what is the maximum amount of money a person is willing and able to pay for a good or service?” Value for money is often expressed in comparative terms, such as "better", or "best value for money", but may also be expressed in absolute terms, such as where a deal does, or does not, offer value for money. Among the competing schools of economic theory there are differing theories of value. Economic value is ''not'' the same as market price, nor is economic value the same thing as market value. If a consumer is willing to buy a good, it implies that the customer places a higher value on the good than the market price. The differ ...
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Critique Of Political Economy
Critique of political economy or simply the first critique of economy is a form of social critique that rejects the conventional ways of distributing resources. The critique also rejects what its advocates believe are unrealistic axioms, flawed historical assumptions, and taking conventional economic mechanisms as a given or as transhistorical (true for all human societies for all time). The critique asserts the conventional economy is merely one of many types of historically specific ways to distribute resources, which emerged along with modernity (post-Renaissance Western society). Critics of political economy do not necessarily aim to create their own theories regarding how to administer economies. Critics of economy commonly view "the economy" as a bundle of concepts and societal and normative practices, rather than being the result of any self-evident economic laws. Hence, they also tend to consider the views which are commonplace within the field of economics as faulty, ...
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Gross National Income
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident. In contrast to GDP, GNI is not a concept of value added, but a concept of income. GNI is the basis of calculation of the largest part of contributions to the Budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. GNI contrast with net national income : NNI = GNI - Depreciation The Atlas method can be applied to correct for fluctuating exchange rates. History and name change Th ...
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Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory. Neoclassical economics is the dominant approach to microeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s onward. Classification The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in which he related marginalists in the tradition of Alfred Marshall ''et al.'' to ...
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