Karl Marx History Summary 1818 1883

Karl Marx (1818-1883)

Karl Heinrich Marx was most renowned for his scholarly analysis of the nature, origins, and mode of functioning of capitalism. His Kapital Volume One was published in (1867); Volumes 2 and 3 were published by his most avid supporter and friend, Frederick Engels, (Frederick Engels) in 1885, 1894 respectively (Marx, 1961). From the beginning, Marx was heavily influenced by theories of value and profits by both Smith and Ricardo. In large measure, his work could be viewed as simply as an extension, refinement, and elaboration of their ideas.

One of the most unique features of Marx's approach, something that he was also highly critical of others about, was that it took on a very historical perspective embedded in the observation that production was a very social rather than individual activity. Marx also had an unmatched ability to discover the underlying and hidden elements of things. Although .his methods were not scientific in terms of empiricism and mathematics, Marx was a "realist" who diligently strived to identify and isolate common traits and true features and natures of things, features that were not so readily apparent and perceivable by normal sensory mechanisms.