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- William James Booth (1991). Economies of Time: On the Idea of Time in Marx's Political Economy. Political Theory 19 (1):7-27.
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Making use of capital to develop China’s socialist market economy requires China not only to fully recognize the tendency of capital civilization but also to realize its intrinsic limitations and to seek conditions and a path for overcoming contradictions in the mode of capitalist production. Karl Marx’s theory of capital provides us with a key to understanding and dealing properly with problems of capital. At the same time we should also pay heed to Western research on, experience with, and lessons from capitalist economies developed over the past four centuries summarized in the field of “business ethics”.
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We present a comparison between the works of two great critics of the market economy: Rousseau and Marx. It shows their similarities and divergences, most important of which is the place they give to economic analysis in their intellectual and political theories. Whereas Marx built his political and scientific criticism on economic analysis, Rousseau believed this analysis could not be the starting point for understanding social organization. Their monetary theories can explain this difference.
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The political doctrine of Karl Marx is to be found in a broad range of both published and unpublished writings. This volume, the first of two which together span his entire output, presents his early texts of 1843-7, which predate the Communist Manifesto. excerpts from the Critique of Hegel's Philosophy of Right and from the Paris Notebooks, Points on the State and Bourgeois Society and other writings are newly translated and arranged in a sequence that illuminates the development of Marx's thought, while the introduction discusses the intellectual context of the theories he constructed. A chronology of Marx's life and career and an annotated bibliography complete a volume which will be an invaluable guide to the formation of one of the most influential doctrines in the history of political thought.
No one would dispute that it is impossible to understand the intellectual and political history of the nineteenth and twentieth centuries without taking Karl Marx (1818-83) into account. Most believe, however, that Marx‘s legacy was buried once and for all in the rubble of the Berlin Wall. This consensus is mistaken. It would be foolish to assert that Marx anticipated the correct answer to every significant question facing us today. But it would be no less foolish to deny that Marx‘s work presents a powerful challenge to contemporary political philosophy.
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Marx: Later Political Writings brings together new translations of Marx's most important texts in political philosophy written after 1848. Marx challenged poitical theory to its very fundamentals, as his works do not follow traditional models for exploring politics theoretically. In his introduction, Terrell Carver situates Marx in a politics of democratic constitutionalism and revolutionary communism. The works are presented here complete, according to the first editions or the earliest manuscript state, and include the Manifesto of the Communist Party, the Preface of 1859 to A Contribution to the Critique of Political Economy, The Civil War in France, and the little-known Notes on Adolph Wagner. More than most political theorists, Marx made contemporary politics the focus for his theoretical work. He created a distinctive kind of political theory, and this volume makes it accessible today.
Karl Marx (1818-1883) is best known not as a philosopher but as a revolutionary communist, whose works inspired the foundation of many communist regimes in the twentieth century. It is hard to think of many who have had as much influence in the creation of the modern world. Trained as a philosopher, Marx turned away from philosophy in his mid-twenties, towards economics and politics. However, in addition to his overtly philosophical early work, his later writings have many points of contact with contemporary philosophical debates, especially in the philosophy of history and the social sciences, and in moral and political philosophy. Historical materialism — Marx's theory of history — is centered around the idea that forms of society rise and fall as they further and then impede the development of human productive power. Marx sees the historical process as proceeding through a necessary series of modes of production, culminating in communism. Marx's economic analysis of capitalism is based on his version of the labour theory of value, and includes the analysis of capitalist profit as the extraction of surplus value from the exploited proletariat. The analysis of history and economics come together in Marx's prediction of the inevitable economic breakdown of capitalism, to be replaced by communism. However Marx refused to speculate in detail about the nature of communism, arguing that it would arise through historical processes, and was not the realisation of a pre-determined moral ideal.
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