Marxian Economics

Marxian economics is a theory that analyzes how economic systems, especially capitalism, function and how they impact society. It emphasizes that when businesses produce goods, the value comes from the labor of workers, but the profits often go to the owners or capitalists, creating a class divide. Marx believed that this exploitation leads to inequality and social conflict. His framework also explores how economic relationships shape social and political structures, advocating for a classless society where resources and production are shared more equally. Overall, it critiques capitalism and emphasizes the role of labor and societal change.