Marxist Theory
Marxian economic theory first originated from Karl Marx in the 1800s. Marxian economists believe that you are automatically born into a class without choice or say. They feel that ? class refers to the production, appropriation, and distribution of surplus.?
This quote hold a lot of significance and meaning to our economy, simply because the key focus of the Marxian theory is based on the act of production. Every society has to produce things or else it dies. Its and essential part of modern social life. Only a portion of the population uses their brains and muscles to convert nature to products. Marxists say let?s look at the people who do so. Marxists say: ?people who produce clothes, where some? and ?people who produce housing, live in some?. They say this because workers always produce more than they themselves consume or get. This is known as a surplus. When surplus is produced, such questions arise: who gets the surplus And what do they do with it
The surplus often goes to the people who can consume without producing. The surplus simply gets taken and given to another
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