Throughout history, the economy has undergone changes by the contributions of thoughts and theories of people who want to see the economy thrive and become more developed. Many people throughout history have put in their opinions and ideas on how to achieve that. One of the many people is Karl Marx.
Karl Marx was born in Germany in 1818. As a young adult, Marx studied at Bonn University perusing a degree in law. While in college, he ran himself in to debt. Then, he decided he would transfer to Berlin University where he was influenced by his professor Bruno Bauer, who introduced him to the works of philosophy professor G.W. F Hegel, who believed that everything bust be equal. This would later fuel his fire to his theories as well as his studies of the works and theories of David Ricardo and Adam Smith.
Marx became a journalist and was short lived in several publications due to his ideas being those of which criticized the government. Marx used his positions as editor to get his views and ideas out to the public. After the Rherish Gazette in 1843, Marx flees to France with his new bride and is offered a new editorial position of a journal published in France as well as Germany. Once again, Marx looses his position for his inability to hold back the urge to keep his opinions to himself. Marx wrote that the working class would become the emancipators. This theory is not accepted and the journal is banned in Germany. Capitalism is now Marx’s new way of mind.
Marx contributed to the economic/philosophical thought is through several of his works and the spread of this theories and ideas to establish economic growth. Marx believed that the way to boost the economy was through capitalist ways of thinking. Marx wrote several works to highlight his views and opinions on this topic. His main focus was on two topics. The first being labor power and the second being time. Marx believed that the labor power would result in the increase in surplus value. He...
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