Marxism Politcial Economy Essay -- Economics Marx

According to red political economy, evolution is the key factor which underpins the very fundamentals of decree. By this Marxists believe ontogenesis is more than simply an economic phenomenon, but alternatively a norm created through false consciousness, which has infested itself within all aspects of society stretching from the state, to the very structure of the social system.Marx emphasis on exploitation lies in his belief that the note look upon of a good is purely derived from the hoard labour expended to produce such a good. Although the labour theory of value was originally contemplated by Classical Economist such as smith/Ricardo the emphasis for Marx was on labour as a value kind of than simply a cost in the production process. As Dooley explains Marx kept up(p) that labour was the sole value creating substance (Dooley 2005) and this point is further genuine by Sayer who states that the fundamental distinguishing characteristic 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 through numerous industrial policies such as specialisation through character of labour. Capitalism is a system that encourages alienation of the worker as the commodities produced ar not produced for need or desire, but instead in the out of bounds of profit. Its from this concept that exploitation can be explained. Marx defined exploitation as the surplus value extracted from the labour force in pasture 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. tertiary ed. London Penguin. 219. Marx, K and Engels, F (2002). The Communist Manifesto. 3rd ed. London Penguin. 258. Powell, B and Skarbek, D. (2004). Sweatshops and Third World Living Standards. The Independent Institute. 53 (1), 6, 10. Sayer, Derek (1979). Marxs Method Ideology, lore & Critque in Capital. 2nd ed. Brighton The Harvester Press Limited. 44-45. Sumner Colin (1979). Reading Ideologies an investigation in to the Marxist theory of ideology and law. London Academic Press Inc. 44.Woodley, Daniel (2009). semipolitical 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