Social And Economic Theories Developed By Karl Marx Essay

941 Words Feb 16th, 2015 4 Pages
Throughout history, many different types of social and economic theories have developed as a direct response to the problems a given philosopher observed in society. With this in mind, it is interesting to analyze is how two different people can observe similar problems within society and develop different solutions. For example, in the 19th century Karl Marx identified many problems within his society and developed his socialist theories to address these issues. On the other hand, Scottish author and government reformer Samuel Smiles saw similar problems and developed different solutions. His solutions helped Samuels become a recognized “zealous advocate of material progress based on individual enterprise and free trade” (2). To understand how these types of different solutions developed, it is important to study each philosopher’s historical situation and the problems they observed. In this way a person can better compare the proposed solutions for similarities and differences.
Karl Marx is considered to be the founder of the concept of socialism. Born in Prussia in 1818, his Jewish background exposed him to discrimination during his childhood that led him to question the role of religion in society (1). This background, combined with what he observed during the industrial revolution, developed into his socialistic philosophy. During the industrialization of the 1800’s there were few laws protecting the common man. As factories grew, issues such as child labor and the…

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