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econ434notes15 - History of Economic Doctrines Lecture 15...

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History of Economic Doctrines Lecture 15 Alternative Economic System LINK (cont.) Marxism (Revolutionary Socialism) Marxism is the idea that socialism will replace capitalism only after a violent revolution. Georg Hegel [1770-1831] Dialectical Analysis Step 1: Thesis Antithesis Step 2: Thesis + antithesis Synthesis Hegel : History is dominated by dialectical changes in ideas. Example : Near (thesis) + Far (antithesis) yields the concept of Distance (synthesis). Ludwig Feuerbach [1804-1872] Dialectics + Materialism / Determinism Feuerbach insisted that dialectics operate in the material world, which is deterministic, and not merely in the world of ideas per Hegel. Feurbach, an atheist, attributed religion to human desires to be dependent. Marx agreed. Karl Marx [1818-1883] Religion is the opiate of the masses. Karl Marx, Das Kapital
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Marx Biography Dialectical Materialism +Economic Determinism The history of all society hitherto is the history of class struggles. Karl Marx and Friedrich Engels The Communist Manifesto [1848] History is a dialectical process among material interests. Therefore, class warfare is an inevitable step in the historical process that facilitates economic progress. Influenced by Feurbach’s material determinism, Marx viewed history as following an unabated course of progress that consists of six major –and necessary – stages: (
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This note was uploaded on 01/12/2010 for the course ECON 434 taught by Professor Byrns during the Spring '09 term at UNC.

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econ434notes15 - History of Economic Doctrines Lecture 15...

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