Marxist Theory

2 Pages 391 Words

Marxian economic theory first originated from Karl Marx in the 1800s. Marxian economists believe that you are automatically born into a class without choice or say. They feel that “ class refers to the production, appropriation, and distribution of surplus.”
This quote hold a lot of significance and meaning to our economy, simply because the key focus of the Marxian theory is based on the act of production. Every society has to produce things or else it dies. Its and essential part of modern social life. Only a portion of the population uses their brains and muscles to convert nature to products. Marxists say let’s look at the people who do so. Marxists say: “people who produce clothes, where some” and “people who produce housing, live in some”. They say this because workers always produce more than they themselves consume or get. This is known as a surplus. When surplus is produced, such questions arise: who gets the surplus? And what do they do with it?
The surplus often goes to the people who can consume without producing. The surplus simply gets taken and given to another group of people, who do not do the work. In other word the ones who don’t are exploiting the ones who do the work. Marxists say any society who does this “sucks” quoted by wolffe.
An alternative that the Marxists suggest is for production to be handled as follows---- people who do the work should not turn over the surplus to people who do no work. Instead, people who produce surplus, decide where it goes. This is community way of deciding where surplus goes is called communism. Examples of this are Indian tribes, and the workers in Silicon Valley, CA. as wolffe described, a bunch of highly trained computer engineers said one day that they don’t like the boring capitalist corporation, and they quit. They go to “Fred’s” garage and work together comfortably Monday-Thursday to sell and produce software, so that they h...