In the mid-1800s, Karl Marx had the idea that much of economic history could be explained by the struggle between the bourgeoisie (owners of capital) and the proletariat (the working class). Under ...

Conflict theory is an idea presented by Karl Marx that suggests competition for resources keeps people in conflict. Conflict theory offers one explanation for the struggle between socioeconomic groups ...

To the extent that most of us take the time to try to make sense of the society we live in, we are generally at a loss to account for both the continual change and the particulars we see before us, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Marxian economics, derived from Karl Marx's seminal works, critiques capitalism's treatment of labor, arguing that it exploits workers and undervalues their contributions. This school of thought ...