Tuesday 1 August 2017

WORLD FAMOUS ECONOMISTS AND THEIR CONTRIBUTIONS - KARL MARX



KARL MARX

           
(1818 – 1883)

















·    He was a Prussian-born philosopher, economist, political theorist, sociologist, journalist, and revolutionary socialist

·     More commonly remembered as a revolutionary advocate of communism, Marx was in fact also a classical economist

·      His theories essentially predicted that capitalism would lead to fluctuations and economic crises

·     In 1848, he published The Communist Manifesto with Friedrich Engels and was exiled to London, where he wrote the first volume of Das Kapital and lived for the rest of his life.

·     Marx's theories about society, economics, and politics—collectively understood as Marxism—hold that human societies develop through class struggle

·    His work in economics laid the basis for much of the current understanding of labour and its relation to capital, and subsequent economic thought

·    Many intellectuals, labour unions, artists and political parties worldwide have been influenced by Marx's work, with many modifying or adapting his ideas.

·  Marx is typically cited as one of the principal architects of modern social science.

SOME OF HIS FAMOUS QUOTES

·      “The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them.”

·       “The philosophers have only interpreted the world, in various ways. The point, however, is to change it. [These words are also inscribed upon his grave]”

·      “The last capitalist we hang shall be the one who sold us the rope.”

·     “If money is the bond binding me to human life, binding society to me, connecting me with nature and man, is not money the bond of all bonds? Can it not dissolve and bind all ties? Is it not, therefore, also the universal agent of separation?”

·        “The road to Hell is paved with good intentions.”

·      “Religion is the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions. It is the opium of the people.”

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