Economics Dictionary of ArgumentsHome
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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. | |||
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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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> Counter arguments against Marx
> Counter arguments in relation to National Economy
