His info, theories, Marxism......

2. AJINKYA GAWARE 14
KHYATI NISHAR 32
AFREEN SHAIKH 51
MEHAL SHIVALKAR 55

3. HISTORY
• 5th May, 1818 – 14th Mar, 1883
• Born into a wealth middle class family in Trier
in the Prussian Rhineland

4. BACKGROUND
• A German Philosopher,
Economist, Social Scientist,
Sociologist, Historian,
Journalist and Revolutionary
Socialist.
• One of the founders of
sociology and social science.

5. PPOPULAR BOOKS

6. MARX THEORY ON ECONOMICS:
• Labor Theory Value
• Surplus Value
• Surplus Product
• Exploitation

7. LABOUR THEORY OF VALUE
The economic value of a good or service
is determined by the total amount of
labor required to produce it.

8. Surplus value
Surplus value is equal to the new value created
by workers in excess of their own labour-cost.

9. Surplus product
It is simply that part of
what workers produced
which they had to hand
over to the chief,
landowner, the lord or the
state, in the form of tax,
rent or tribute.

10. Exploitation
The act of using another
person as a means to
one's profit, without
providing them fair
compensation.

11. Marx Theory on Society
 Historical
Materialism
 Alienation
 Mode of
Production
 Class
Consciousness
 Class Struggle

12. Historical Materialism
Looks for the causes of developments and changes
in human society in the means by which humans
collectively produce the necessities of life

13. Alienation
The workers loses the ability to determine
his/her life & destiny in the capitalist mode of
production. There are 4 types of alienation:
Alienation of the worker from
• The work
• Working
• Himself as a provider
• Other worker

14. Class Consciousness
Refers to the belief that a person holds regarding
one’s social class.

15. Class Struggle
Tension between
different class of
people:
• Bourgeoisie
(Owner)
• Proletariat
(Worker)

16. MARXISM
The collective understanding of all those
theories related to society, economics & politics
is called as Marxism.

18. Why was Karl Marx important to the
Industrial Revolution?
• Originated a major criticism
of the Industrial Revolution.
• His ideas about the
exploitation of the working
class.
• First to make people
understand that the working
people of the country were
the one who had the power.

19. Impact on World
Today there are 7 countries that are communist:
• China
• Cuba
• Laos
• North Korea
• Vietnam
• Cyprus
• Nepal

20. • Marx's ideas came to impact society most directly
after the Bolshevik Revolution of 1917 in Russia.
• The first impact was felt in continental Europe
• German sociologist Max Weber, Frankfurt school;
theorists such as Theodor Adorno and British
economist Joan Robinson have all produced work
drawn from Marxist perspectives.

21. Criticism
1. Over-concentration:
• Economically determinist
• Overlooked
2. Capitalism has proven to be
more durable and flexible.
3. Unscientific.
4. Ignored the role and
position of women

22. CONCLUSION
• Karl Marx was one of the most influential people of
his era.
• He changed the way people looked at societies.
• He believed that having all the money with only a few
people and the common working class person didn’t
have enough, would lead to a revolution to a classless
society.
• He started his life with a lot of money and when he
was forced to move to London he lived in poverty.
• His theories have made people follow him and to
overthrow their government for the idea of equality.
• Karl Marx has changed the world with his writings,
theories, and way of thought.

23. THANK YOU