Karl Marx

Search Dictionary

Definition of 'Karl Marx'

Karl Marx was a German philosopher, economist, sociologist, historian, journalist, and socialist revolutionary. His work in economics and philosophy has influenced subsequent intellectual, economic and political thought. He is best known for his magnum opus, Das Kapital, a critique of political economy. Marx's work has influenced subsequent intellectual, economic and political thought. He is best known for his magnum opus, Das Kapital, a critique of political economy.

Marx's critique of capitalism is based on his theory of surplus value. He argues that the capitalist system exploits workers by paying them less than the value of their labor. This surplus value is then used to accumulate capital for the capitalist class. Marx believed that this system would eventually lead to the collapse of capitalism and the rise of communism.

Marx's ideas have been influential in the development of socialist and communist thought. They have also been used to justify revolutionary movements around the world. However, Marx's theories have also been criticized by many economists and philosophers. Some argue that his analysis of capitalism is incomplete or inaccurate. Others argue that his proposed solutions to the problems of capitalism are unrealistic or undesirable.

Despite the controversy surrounding his work, Marx remains one of the most influential thinkers of the modern era. His ideas have had a profound impact on the development of economics, sociology, and politics. He is also considered one of the most important philosophers of the 19th century.


Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.