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Immiseration thesis

Index Immiseration thesis

In Marxist theory and Marxian economics, the immiseration thesis (also referred to as emiseration thesis) is derived from Karl Marx's analysis of economic development in capitalism, implying that the nature of capitalist production stabilizes real wages, reducing wage growth relative to total value creation in the economy, leading to worsening alienation in the workplace. [1]

27 relations: Capital accumulation, Capitalism, Capitalist mode of production (Marxist theory), Crisis theory, Das Kapital, Dialectic, Economic interventionism, Frankfurt School, Karl Marx, Marx's theory of alienation, Marxian economics, Marxist philosophy, Max Horkheimer, Means of production, Organic composition of capital, Planned economy, Private property, Productive forces, Rate of exploitation, Real wages, Relations of production, Surplus value, Technological unemployment, Theodor W. Adorno, Unfree labour, Wage labour, Wage slavery.

Capital accumulation

Capital accumulation (also termed the accumulation of capital) is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Capitalist mode of production (Marxist theory)

In Karl Marx's critique of political economy and subsequent Marxian analyses, the capitalist mode of production refers to the systems of organizing production and distribution within capitalist societies.

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Crisis theory

Crisis theory, concerning the causes and consequences of the tendency for the rate of profit to fall in a capitalist system, is now generally associated with Marxian economics.

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Das Kapital

Das Kapital, also known as Capital.

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Dialectic

Dialectic or dialectics (διαλεκτική, dialektikḗ; related to dialogue), also known as the dialectical method, is at base a discourse between two or more people holding different points of view about a subject but wishing to establish the truth through reasoned arguments.

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Economic interventionism

Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people.

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Frankfurt School

The Frankfurt School (Frankfurter Schule) is a school of social theory and philosophy associated in part with the Institute for Social Research at the Goethe University Frankfurt.

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Karl Marx

Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.

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Marx's theory of alienation

Karl Marx's theory of alienation describes the estrangement (Entfremdung) of people from aspects of their Gattungswesen ("species-essence") as a consequence of living in a society of stratified social classes.

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Marxian economics

Marxian economics, or the Marxian school of economics, refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels.

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Marxist philosophy

Marxist philosophy or Marxist theory are works in philosophy that are strongly influenced by Karl Marx's materialist approach to theory, or works written by Marxists.

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Max Horkheimer

Max Horkheimer (February 14, 1895 – July 7, 1973) was a German philosopher and sociologist who was famous for his work in critical theory as a member of the 'Frankfurt School' of social research.

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Means of production

In economics and sociology, the means of production (also called capital goods) are physical non-human and non-financial inputs used in the production of economic value.

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Organic composition of capital

The organic composition of capital (OCC) is a concept created by Karl Marx in his critique of political economy and used in Marxian economics as a theoretical alternative to neo-classical concepts of factors of production, production functions, capital productivity and capital-output ratios.

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Planned economy

A planned economy is a type of economic system where investment and the allocation of capital goods take place according to economy-wide economic and production plans.

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Private property

Private property is a legal designation for the ownership of property by non-governmental legal entities.

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Productive forces

"Productive forces", "productive powers", or "forces of production" (in German, Produktivkräfte), is a central idea in Marxism and historical materialism.

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Rate of exploitation

In Marxian economics, the rate of exploitation is the divergence between labor productivity and the wage rate.

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Real wages

Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought.

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Relations of production

Relations of production (German: Produktionsverhältnisse) is a concept frequently used by Karl Marx and Friedrich Engels in their theory of historical materialism and in Das Kapital.

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Surplus value

Surplus value is a central concept in Karl Marx's critique of political economy.

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Technological unemployment

Technological unemployment is the loss of jobs caused by technological change.

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Theodor W. Adorno

Theodor W. Adorno (born Theodor Ludwig Wiesengrund; September 11, 1903 – August 6, 1969) was a German philosopher, sociologist, and composer known for his critical theory of society.

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Unfree labour

Unfree labour is a generic or collective term for those work relations, especially in modern or early modern history, in which people are employed against their will with the threat of destitution, detention, violence (including death), compulsion, or other forms of extreme hardship to themselves or members of their families.

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Wage labour

Wage labour (also wage labor in American English) is the socioeconomic relationship between a worker and an employer, where the worker sells his or her labour under a formal or informal employment contract.

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Wage slavery

Wage slavery is a term used to draw an analogy between slavery and wage labor by focusing on similarities between owning and renting a person.

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Emiseration, Emiseration thesis, Emmiseration, Immiseration.

References

[1] https://en.wikipedia.org/wiki/Immiseration_thesis

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