Bourgeoisie
One of the three primary classes of industrial capitalism. The bourgeoisie are identified by the following primary relations of production: Members of
Tag: political economy
Capitalism
A mode of production in which the private ownership of the means of production predominates, and under which the only logic of
Capitalist
Another word for an “owner,” that is, a member of the bourgeoisie; i.e., someone who owns capital but does not support themselves
Class
A social class is, broadly speaking, a group of individuals who share material interests based on their relation to the means of
Class analysis
The scientific and structural determination of class interests, founded in the material benefits that flow to a given social class based on
Class dictatorship
(see also, state) This is the term used to describe the situation wherein a single class obtains and maintains control over
Class society
Any society or social order in which large groups of people are divided into social classes by economic, juridical, and social relations.
Commodity
Any product made with the intention of exchanging it to realize surplus value, rather than made for use (use value). Commodity production
Commodity production
A mode of production that underlies the modern capitalist economic model. Commodity production is an economic relation that relies on: 1.
Fascism
Fascism is a type of political movement. Its precise content will be tailored to the conditions in the country where it develops,
Feudal, feudalism
A mode of production distinguished by the distribution of land in fiefs or feods, agricultural production, serfs tied to the land.
Imperialism
More properly, capitalist imperialism, this term is used in the modern sense to denote the formation of large blocks of monopoly capital
Labor
Exertion of human effort through which the natural environment is altered. The elements of the labor-process are: 1. the personal
Labor power
The capacity to do labor, the actual caloric energy etc. expended by the laborer when exerting effort. Labor power is sold by
Leninism
As distinct from Marxism, this term is often used by Trotskyists to refer to Marxism-Leninism without calling it by that name (due
Marxism
The application of dialectical and historical materialism to political economy. The study of political economics and the critical theory expounded by Karl
Marxism-Leninism
The synthesis of the Marxist economic theory with the science of revolution. The blueprint for how to assess the material conditions, to
Material
When used as an adjective, meaning actual, really-existing, and rooted in actual, physical reality. A material benefit, for example, is a real,
Material conditions
These are the actually existing conditions in the world and an important concept in both dialectical materialism and historical materialism. Material conditions
Means of production
(see also, relations of production) These are the tools and furnishings with which any society engages in wide scale production. In