Karl Marx
Definition
German philosopher and political economist (1818–1883). Das Kapital argued capitalism extracts surplus value from labor and is prone to crisis.
Example
Marx's labor theory of value and class analysis underpin Marxist economics.
German philosopher and political economist (1818–1883). Das Kapital argued capitalism extracts surplus value from labor and is prone to crisis.
Marx's labor theory of value and class analysis underpin Marxist economics.