Aug 10th, 2016
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Harvard University
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Surname 1Name:Institution:Course:Date:The Concept of MarxismMarxism refers to a social and economic system based on the economic and politicaltheories of Friedrich Engels and Karl Marx. Marxist methodology was initially used as a tool forsociopolitical and economic analysis. It critiqued the development and growth of capitalismtogether with the role played by class strive in economic transformation (Eckersley 78). It wouldprobably take volumes to elucidate the entire ramifications and implications of Marxist economicand social ideology. However, the concept behind Marxism has been summed up as a theory thatentails class strive as a major element in the analysis and study of social transformation inwestern societies.Marxism, as described in Encarta library is an antithesis of capitalism. Capitalism is asystem of economy that is based on private individual ownership of meth

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