1.

Similarity between political economy approach and marxism approach?​

Answer»

Marxism is an ideology that looks at interaction between humans a little bit differently compared to neo-classical (Adam Smith, David RICARDO and Alfred Marshall). Which is perhaps a more direct comparison.Marxism is often grouped within the Political Economy tree of knowledge but it is actually the other way around. Due to Stalinism, Maoism and Leninism, Marxist ideology is often seen to be derived from Political Economy debates.Scholars tend to associate Marxism with Worker’s Rights, Working Class Revolution and complete denunciation of the so called ‘oppressive’ Capitalist ideology. Which are of course subjects discussed within Political Economy.However Marxism comprises of methods of understanding the industrial revolution. Explanation of the modern man’s sickness and also psychoanalysis approach of the human condition. These shows that Marxism is way more than what Political Economic theory have discussed.In ESSENCE, Marxism is a way of LOOKING at market, society and LIFE. Political Economy only puts the concerns of livelihood and happiness within society that also examines the type of interaction between MEMBERS of society and its mobilisation.



Discussion

No Comment Found

Related InterviewSolutions