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The way of interpreting our society and economy with Karl Marx’s perception is Marxist approach.
Marxist approach is a sociological approach which was introduced by Karl Marx. He was born in
Germany in 1818 and die in 1883. He was an economist, philosopher and an active socialist. This
approach basically deals with the conflict of rich and poor in our society. He said that our society kept
capitalism, to keep rich rich and poor poor. Marxist approach emphasizes a historical perspective that
deals with the class conflict that is an inevitable characteristic of society. It talks about the historical
change that reflects the economic development of the society.

He clearly speaks about socialism with some aspects of materialism.

Its main critique tied to a particular historical period and ignored other environmental changes.
Karl Marx’s theory deals with two basic points.

 Limited worker exploitation

 Eliminate economic classes is a precursor to communism.

These two critiques elaborate the Marxist approach and explain that socialism is interrelated to
Marxism. Marxist approach says that in a society there is always a conflict between poor and rich. Rich
people take over the society with the power of capital. All the opportunities were taken from the poor
class and were presented to the rich class.

According to Marxism all the historical events are because of the workers of our society but all the
credits are given to the rich class because of their power of money. He raised his voice and enlightens
the world with a new concept and idea. His idea of socialism and against capitalist was much
appreciated and was further elaborate by many historians and his believer which are called as
This picture portrait the explanation of economy through which the Marxist approaches, Marxism
and socialism can also be depict.

Coming to the point of economic history in Marxist Approach as it is said that without economy man is
nothing. Economy is driving force of a society. Society is divided into two categories basically.

 Proletariat/worker
 Bourgeoisie

This social relation of production in a society is a primary source of class stratification and conflict.
Basically this approach deals with class struggle.

We know that historiography deals with the ways history has been interpreted and understood over
time. We can think of historiography as the ''history'' of history. Marxists have a distinctly unique way of
interpreting history. Marxist historiography stresses class conflict as the force propelling historical
development. For example, Marxist historians might argue that the American Revolution was ultimately
brought about by class struggle between the ''haves'' and the ''have-nots''. They would argue that
republicanism or other ideological beliefs were secondary and ultimately rooted in economic concerns.
The bottom line in Marxists historiography: it all boils down to economics.

Marxism is a vast historical tradition 170 years old or more, originally based on the writings of Marx and
Engels, but branching out in many directions since. It is arguably the single most influential intellectual
and political tradition of the last 200 years, and it is not easily summarized, if it can be summarized at all.
Moreover, for any self-identified Marxist position, there are other Marxist who will say that's not
Marxist moreover, for any self-identified Marxist position, there are other Marxist who else say that's
not Marxism. Following sign symbolize the Marxist historian or the ones who follow Marxism. Marxism
takes its name from Karl Marx (died 1881), the great economic analyst and critic of nineteenth-century
capitalism, and one of half a dozen founders of modern social science, along with Adam Smith, Charles
Darwin, Emil Durkheim, Max Weber, Sigmund Freud.

Marxism has always been the most challenging of the social theories associated with such writers,
because it has always been actively critical of the political, social and economic order of modern
Western society (as well as, less fortunately, giving its name to what amounted to the state religion of
the Soviet Union in 1917-91).

Marxism is what Karl interpreted.

Historians who use Marx methodology, but disagree with the mainstream of Marxism, often describe
themselves as Marxist historians.

Some of the famous Marxist historians are Eric Hobsbawm and Eugene Genovese.