Marx postulated the essentials of the base–superstructure concept in his preface to A Contribution to the Critique of Political Economy (1859): In the social production of their existence, men inevitably enter into definite relations, which are independent of their will, namely [the] relations of production appropriate to a given stage in the development of their material forces of production.

Keynesian economics (/ ˈ k eɪ n z i ə n / KAYN-zee-ən; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive …

The turkey is a large species of bird in the genus Meleagris, native to North America.There are two extant turkey species: the wild turkey (M. gallopavo) of eastern and central North America and the ocellated turkey (M. ocellata) of the Yucatán Peninsula in Mexico. This photograph, taken at Deer Island Preserve in Novato, California, depicts a male Rio Grande wild turkey (M. g. …

Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety to expressing disagreement with particular outcomes of capitalism.. Criticism of capitalism comes from various political and philosophical approaches, including anarchist, socialist, Marxist, religious, and nationalist viewpoints. Some believe that capitalism can only …

Buch I: Der Produktionsprocess des Kapitals) is the first of three treatises that make up Das Kapital, a critique of political economy by the German philosopher and economist Karl Marx. First published on 14 September 1867, Volume I was the product of a decade of research and redrafting, and is the only part of Das Kapital to be completed during Marx's life.

Book III of the General Theory is given over to the propensity to consume, which is introduced in Chapter 8 as the desired level of expenditure on consumption (for an individual or aggregated over an economy). The demand for consumer goods depends chiefly on the income Y and may be written functionally as C(Y). Saving is that part of income which is not consumed, so the …

Statistics for the US economy as a whole hide variations among groups. For example, in January 2008, the US unemployment rates were 4.4% for adult men, 4.2% for adult women, 4.4% for Caucasians, 6.3% for Hispanics or Latinos (all races), 9.2% for African Americans, 3.2% for Asian Americans, and 18.0% for teenagers. [54]

The term "Frankfurt School" describes the works of scholarship and the intellectuals who were the Institute for Social Research (Institut für Sozialforschung), an adjunct organization at Goethe University Frankfurt, founded in 1923, by Carl Grünberg, a Marxist professor of law at the University of Vienna.It was the first Marxist research center at a German university and was …

The bourgeoisie (/ ˌ b ʊər ʒ w ɑː ˈ z iː / BOORZH-wah-ZEE, French: ()) is a sociologically defined social class, equivalent to the middle or upper middle class.They are distinguished from, and traditionally contrasted with, the proletariat by their affluence, and their great cultural and financial capital.They are sometimes divided into a petty (petite), middle (moyenne), large (grande ...

Left-wing politics describes the range of political ideologies that support and seek to achieve social equality and egalitarianism, often in opposition to social hierarchy. Left-wing politics typically involve a concern for those in society whom its adherents perceive as disadvantaged relative to others as well as a belief that there are unjustified inequalities that need to be …