Abstract
Marxism is a political ideology synonymous with worker exploitation and capitalist oppression. Marxist thoughts and ideas occupy a prominent place in management history. Regarded as one of the most influential authors of the “nineteenth century,” Karl Marx’s work was seen as a beacon of light for the “exploited” “proletariat.” Motivated by the evident disparity between the “poverty” and “sickness” of the working class and the “triumph” of capitalists, Marx was uncompromising in his resolve to explain the class struggle brought about by private enterprise. While conceding the economic progress made possible through capitalism improved the social conditions for some, Marx believed that the consequence of this progress, the perpetual cycle of degradation and misery experienced by an exploited working class, was not an acceptable price to pay. Whether Marx’s theories are supported or opposed, they have had a lasting influence on the minds and actions of those living within a capitalist society. Altering the “nature and direction” of “social science,” Karl Marx’s collective works have endured as one of “the most powerful” forces “permanently transforming the ways in which” people “act and think.” Within this chapter, we trace the development of Marxism from Marx’s first public work The Poverty of Philosophy, written in response to the work of socialist Pierre-Joseph Proudhon, through to the first volume of Marx’s Capital. This chapter examines the Marxist opposition to capitalism and business.
This is a preview of subscription content, log in via an institution.
References
Ackers P, Payne J (1998) British trade unions and social partnership: rhetoric, reality and strategy. Int J Hum Resour Manag 9(3):529–550. https://doi.org/10.1080/095851998341062
Adler PS (2011) Marxist philosophy and organization studies: Marxist contributions to the understanding of some important organizational forms. vol 32. Emerald Group Publishing Limited, pp 123–153. https://doi.org/10.1108/S0733-558X(2011)0000032007
Amin S (2018) The communist manifesto, 170 years later. Socioloski pregled 52(2):430–452. https://doi.org/10.5937/socpreg52-16323
Berlin I (1939/2013) Karl Marx, 5th edn. Princeton University Press, Princeton
Bookchin M (1973) Listen. Marxist! Clone 7
Carey S (2019) Exploitation and Marx’s theory of surplus value. Guardian (Sydney) 1893:4
Cohen GA (1979) The labor theory of value and the concept of exploitation. Philos Public Aff 8(4):338–360
Davenport HJ (1935/1965) The economics of Alfred Marshall, vol Book, Whole. Cornell University Press [u.a.], New York
Duménil G, Lévy D (2018) Managerial capitalism: ownership, management and the coming new mode of production, vol Book, Whole. Pluto Press, London
Haworth A (2004) Understanding the political philosophers: from ancient to modern times. Routledge, New York
Hegel GWF (1899/2004) The philosophy of history. Dover Publications, Inc., Mineola
Hoffman R (1967) Marx and Proudhon: a reappraisal of their relationship. Historian 29(3):409–430
Jevons WS (1871) The theory of political economy. Macmillan and Co., London/New York
Jevons WS (1871/2013) The theory of political economy. vol Book, Whole, 4. Palgrave Macmillan, Houndmills, Basingstoke. https://doi.org/10.1057/9781137374158
Kumar A (1992) Marx and engels on india. Indian J Polit Sci 53(4):493–504
Mandel E (1971) The formation of the economic thought of Karl Marx 1843 to Capital. Verso
Marshall A (1890/1997) Principles of economics. Great mind Paperpack series (economics), 8th edn. Prometheus Books, New York
Marx K (1867/1887) Capital: a critique of political economy, vol 1. Book One: the process of production of capital. Progress Publishers, Moscow
Marx K (1894) Interest and profit of Enterprise. Capital, vol III part V division of profit into interest and profit of Enterprise. Interest-Bearing Capital
Marx K (1951a) The British rule in India. In: Karl Marx and Frederick Engels: selected works, vol 1. Foreign Languages Publishing House, Moscow
Marx K (1951b) The future results of British rule in India. In: Karl Marx and Frederick Engels: selected works, vol 1. Foreign Languages Publishing House, Moscow
Marx K (1847/1955) The poverty of philosophy. Progress Publishers
Marx K (1849/2010) Wage labor and capital. Neue Rheinische Zeitung
Marx K (1867/2013) Capital. Wordsworth Editions Limited, Hertfordshire
Marx K, Engels F (1848/1969a) Draft of a communist confession of faith. Manifesto of the communist party. Progress Publishers, Moscow
Marx K, Engels F (1969b) Manifesto of the communist party. Progress Publishers, Moscow
Marx K, Engels F (1848/2012) The communist manifesto. vol Book, Whole. Yale University Press, New Haven
McKay I (2017) Proudhon’s constituted value and the myth of labor notes. Anarchist Studies 25(1):32–67
Mill JS, Laughlin JL (1885/2009) Principles of political economy. D. Appleton and Company, New York
Moore S (1993) Marx versus markets. The Pennsylvania State University Press, University Park, Pennsylvania
Oakley A (1981/2004) Marx’s critique of political economy. Routledge & Kegan Paul, Abingdon
Proudhon P-J (1847/1888) The philosophy of poverty. McMaster University, Hamilton
Proudhon PJ, McKay I (2011) Property is theft! A Peirre-Joseph proudhoon anthology. AK Press, Oakland
Prychitko DL (2002) Marxism. The concise encyclopedia of economics. Library of Economics and Liberty
Ricardo D (1817/2001) On the principles of political economy and taxation, vol Book, Whole, 3rd edn. Batoche Books, Kitchner
Smith A (1776/1999) The wealth of nations. Penguin Books Ltd, London
Smith A (1776/2007) An inquiry into the nature and causes of the wealth of nations. Metalibri, Melbourne
Smith K (2012) A guide to Marx’s capital, vols. I–III. vol Book, Whole. Anthem Press, London\New York
Spagnoli F (2010) The neo-communist manifesto, vol Book, Whole. Algora Pub, New York
Tucker BR (1888) State socialism and anarchism: How far they agree, and wherein they differ. Liberty 5.16(120)
Wheen F (1999) Karl Marx. HarperCollins Publishers Ltd., London
Wolff RD, Resnick SA (2012) Contending economic theories: neoclassical, Keynesian, and Marxian, vol Book, Whole. MIT Press, Cambridge, MA
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 The Author(s), under exclusive licence to Springer Nature Switzerland AG
About this entry
Cite this entry
Boccalatte, K. (2020). The Marxist Opposition to Capitalism and Business. In: Muldoon, J., Gould, A., McMurray, A. (eds) The Palgrave Handbook of Management History. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-62348-1_105-1
Download citation
DOI: https://doi.org/10.1007/978-3-319-62348-1_105-1
Received:
Accepted:
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-62348-1
Online ISBN: 978-3-319-62348-1
eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences