. Karl Marx on National Economy - Dictionary of Arguments

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National economy: National economy theory is a body of knowledge that seeks to explain how national economies work and how they can be managed to achieve economic goals. It includes theories about economic growth, unemployment, inflation, and other macroeconomic phenomena.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Karl Marx on National Economy - Dictionary of Arguments

Höffe I 364
National Economy/Marx/Höffe: (...) Marx [seeks] to show how a national economy which is designed from the standpoint of the capitalists who own the means of production, among their own assumptions did not achieve its claimed goal.
MarxVsSmith, Adam: While Smith, according to the title of his work, promises the "prosperity of nations"(2), in truth, according to Marx, the crass opposite takes place: an impoverishment, eventually impoverishment of the worker.
Profit: The capital utilization aiming at profit increase favors on the one hand the large capital, because it destroys the small capital and seizes the property.
Labor: On the other hand, it leads to an abundance of labor, which pushes the wage below the subsistence level.
Impoverishment: Later, Marx abandoned the idea of absolute impoverishment. He only claims that the wage does not keep pace with the growing wealth of the capital owners (...).
>Adam Smith.

1. K. Marx, Ökonomisch-philosophische Manuskripte (1844) (Pariser Manuskripte)
2. A. Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, 1776

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Marx I
Karl Marx
Das Kapital, Kritik der politische Ökonomie Berlin 1957

Höffe I
Otfried Höffe
Geschichte des politischen Denkens München 2016

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Ed. Martin Schulz, access date 2024-05-21
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