Marxism

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August 31, 2024 5 min read Definitions
Base and Superstructure: Marxist Theory of Society
Marxism Sociology Political Science Base Superstructure Marxist Theory Economics Society
In Marxist theory, the base refers to the economic foundation of society, including the forces and relations of production. The superstructure encompasses the cultural, political, and institutional aspects arising from and supporting the base.
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August 25, 2024 4 min read Definitions
Surplus Value: Excess of Output Value Over Wage Rate in Marxist Theory
Economics Marxism Capitalism Labor Theory of Value Karl Marx Profit Economic Surplus
In Marxist theory, Surplus Value refers to the excess value produced by labor over the wages paid to the laborers, forming the basis for profit in capitalist systems.
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