WORLD HISTORY

Detailed explanation-1: -Who was Karl Marx? Karl Marx was a German philosopher during the 19th century. He worked primarily in the realm of political philosophy and was a famous advocate for communism. He cowrote The Communist Manifesto and was the author of Das Kapital, which together formed the basis of Marxism.

Detailed explanation-2: -Introduced the world to a radical type of socialism called marxism. Marx and Friedrich Engles outlined their ideas in a 23 page pamphlet called the communist manifesto. Marx and Engles argued that human societies have always been divided into warring classes.

Detailed explanation-3: -The Marxist definition of socialism is that of production for use-value (i.e. direct satisfaction of human needs, or economic demands), therefore the law of value no longer directs economic activity. Marxist production for use is coordinated through conscious economic planning.

Detailed explanation-4: -These generally go under the headings of Marxist economics, dialectical materialism and historical materialism.