Marxism Politcial Economy Essay -- Economics Marx

According to Marxist political economy, evolution is the severalise factor which underpins the very fundamentals of society. By this Marxists believe exploitation is more(prenominal) than simply an economic phenomenon, but instead a norm created finished false consciousness, which has infested itself within in all aspects of society stretching from the state, to the very bodily structure of the social system of rules.Marx emphasis on exploitation lies in his belief that the protect of a commodity is purely derived from the accumulated confinement expended to produce much(prenominal)(prenominal) a good. Although the labour theory of apprise was originally contemplated by untarnished Economist such as Smith/Ricardo the emphasis for Marx was on labour as a harbor rather than simply a be in the production process. As Dooley explains Marx maintained that labour was the sole value creating substance (Dooley 2005) and this point is further developed by Sayer who states th at the fundamental distinguishing lineament of Marxism is the existence of labour-power as a commodity. (Sayer 1979). For Marx labour was the source of all wealth in society, which would ultimately be transformed by the bourgeoisie into surplus value and profit finished numerous industrial policies such as specialisation through division of labour. Capitalism is a system that encourages alienation of the worker as the commodities produced are not produced for need or desire, but instead in the pursuit of profit. Its from this concept that exploitation can be explained. Marx defined exploitation as the surplus value extracted from the labour force in order to generate profit. This would be achieved through paying wages lower than the value of the commodity produced. Such a theory remains evident in the n... ...Economy. London International Publishers. 19 - 23. Marx, K and Engels, F (2002). The Communist Manifesto. 3rd ed. London Penguin. 219. Marx, K and Engels, F (2002). T he Communist Manifesto. 3rd ed. London Penguin. 258. Powell, B and Skarbek, D. (2004). Sweatshops and Third World alive Standards. The Independent Institute. 53 (1), 6, 10. Sayer, Derek (1979). Marxs Method Ideology, Science & Critque in Capital. 2nd ed. Brighton The reaper Press Limited. 44-45. Sumner Colin (1979). Reading Ideologies an investigation in to the Marxist theory of political theory and law. London Academic Press Inc. 44.Woodley, Daniel (2009). Political Ideologies. Spain p43. Woodley, Daniel (2009). Political Ideologies. Spain p42http//news.bbc.co.uk/1/hi/business/7242492.stm (2008)http//www.indexmundi.com/bangladesh/gdp_real_growth_rate.html