Karl Marx and his Theories!

His info, theories, Marxism......

1. GROUP MEMBERS AJINKYA GAWARE 14 KHYATI NISHAR 32 AFREEN SHAIKH 51 MEHAL SHIVALKAR 55

2. HISTORY 5 th May, 1818 – 14 th Mar, 1883 Born into a wealth middle class family in Trier in the Prussian Rhineland

3. BACKGROUND A German Philosopher, Economist, Social Scientist, Sociologist, Historian, Journalist and Revolutionary Socialist. One of the founders of sociology and social science.

4. P POPULAR BOOKS

5. MARX THEORY ON ECONOMICS: Labor Theory Value Surplus Value Surplus Product Exploitation

6. LABOUR THEORY OF VALUE T he  economic value of a good or service is determined by the total amount of labor required to produce it.

7. Surplus value S urplus value is equal to the new value created by workers in excess of their own labour-cost.

8. Surplus product It is simply that part of what workers produced which they had to hand over to the chief, landowner, the lord or the state, in the form of tax, rent or tribute.

9. Exploitation The act of using another person as a means to one's profit , without providing them fair compensation.

10. Marx Theory on Society Historical Materialism Alienation Mode of Production Class Consciousness Class Struggle

11. Historical Materialism   Looks for the causes of developments and changes in human society in the means by which humans collectively produce the necessities of life

12. Alienation The workers loses the ability to determine his/her life & destiny in the capitalist mode of production. There are 4 types of alienation: Alienation of the worker from The work Working Himself as a provider Other worker

13. Class Consciousness Refers to the belief that a person holds regarding one’s social class.

14. Class Struggle Tension between different class of people: Bourgeoisie (Owner) Proletariat (Worker)

15. MARXISM The collective understanding of all those theories related to society, economics & politics is called as Marxism.

16. Why was Karl Marx important to the Industrial Revolution? Originated a major criticism of the Industrial Revolution. His ideas about the exploitation of the working class. First to make people understand that the working people of the country were the one who had the power.

17. Impact on World Today there are 7 countries that are communist: China Cuba Laos North Korea Vietnam Cyprus Nepal

18. Marx's ideas came to impact society most directly after the Bolshevik Revolution of 1917 in Russia. The first impact was felt in continental Europe German sociologist Max Weber, Frankfurt school; theorists such as Theodor Adorno and British economist Joan Robinson have all produced work drawn from Marxist perspectives.

19. Criticism Over-concentration: E conomically determinist Overlooked 2. Capitalism has proven to be more durable and flexible. 3. Unscientific. 4. Ignored the role and position of women

20. CONCLUSION Karl Marx was one of the most influential people of his era . He changed the way people looked at societies. He believed that having all the money with only a few people and the common working class person didn’t have enough, would lead to a revolution to a classless society . He started his life with a lot of money and when he was forced to move to London he lived in poverty . His theories have made people follow him and to overthrow their government for the idea of equality . Karl Marx has changed the world with his writings, theories, and way of thought.

21. THANK YOU