The Fundamental Structure Of Capitalism By Karl Marx

800 Words 4 Pages
Karl Marx was a German philosopher,journalist,sociologist and economist. Karl Marx was well known for his critical analysis of capitalism and fervent advocacy for sociopolitical Theories. Marx studied law and phiososphy in the University of Berlin. During his period in Berlin he familiarized himself with G.W.F Hegel ideas which later influenced some of his philosophical work. At the time Marx finished his doctorate he had already shown some of his radical views toward politics, which as a consequence caused him trouble in order to find a teaching position. When Marx moved to Brussels, belgium He was introduced to socialism, which caused him to depart from his previous philosophical affiliations. Marx found this new perspective so appealing that from then on, his work was exclusively focused on disprove antisocialist theorist such as capitalism. …show more content…
The book is a critique about the fundamental structure of capitalism. One of the main premises of his work states that capitalism is flawed from its roots and that naturally communism will follow. Marx created a new jargon in order to build his theory; he refered to certain objects as commodities. "A commodity is an external object that satisfies a human need either directly or indirectly" (spark notes). according to Marx commodites have three important traits: their use-value. which refers the usefulness of the object. exchange-value which refers to the value of the object relative to some other object. and finally the real value or just value which accounts for the amount of work that it took to produce that particular unit. He used this new terminology in order to describe a simplified model of Capitalism which he named as

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