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The following are the weaknesses of Marxian economic thought: Marx's materialistic interpretation of history is inadequate and one-sided. History of man is moulded by many factors. ... The whole Marxian analysis is built on the theory of surplus value. However in the real world, we are concerned with tangible prices and not with value. Marx has proved to be a false prophet. ... More items...What is the Marxist theory in simple terms?
The definition of Marxism is the theory of Karl Marx which says that society's classes are the cause of struggle and that society should have no classes. An example of Marxism is replacing private ownership with co-operative ownership. YourDictionary definition and usage example. "Marxism.".What are the key features of Marxist literary theory?
According to Korsch there are few important features of Marxism: All the tenets of Marxism are particular and not general. It has not built up any general theory which is applicable in all places. ... Marxism is not science or philosophy. It is simply a critical and practical analysis of existing society. ... The central subject of Marxism is capitalist society. ... More items...What are the assumptions of Marxist theories?
Marxism seeks to explain social phenomena within any given society by analyzing the material conditions and economic activities required to fulfill human material needs. It assumes that the form of economic organization, or mode of production, influences all other social phenomena including wider social relations, political institutions, legal systems, cultural systems, aesthetics and ideologies.