Bourgeoisie
One of the three primary classes of industrial capitalism. The bourgeoisie are identified by the following primary relations of production: Members of this class own the means of production. Members […]
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 production is the generation of profit AKA surplus […]
Capitalist
Another word for an “owner,” that is, a member of the bourgeoisie; i.e., someone who owns capital but does not support themselves through their own labor.
Class analysis
The scientific and structural determination of class interests, founded in the material benefits that flow to a given social class based on the juridical, social, and economic structures in place […]
Class dictatorship
(see also, state) This is the term used to describe the situation wherein a single class obtains and maintains control over political power. All states are class dictatorships – […]
Class society
Any society or social order in which large groups of people are divided into social classes by economic, juridical, and social relations. That is, any society in which there is […]
Commodity
Any product made with the intention of exchanging it to realize surplus value, rather than made for use (use value). Commodity production is the basis of the modern capitalist economy.
Commodity production
A mode of production that underlies the modern capitalist economic model. Commodity production is an economic relation that relies on: 1. the existence of wage labor; 2. the […]
Feudal, feudalism
A mode of production distinguished by the distribution of land in fiefs or feods, agricultural production, serfs tied to the land. In essence, the feudal mode of production was […]
Imperialism
More properly, capitalist imperialism, this term is used in the modern sense to denote the formation of large blocks of monopoly capital and the exhaustion of the capacity of a […]
Labor power
The capacity to do labor, the actual caloric energy etc. expended by the laborer when exerting effort. Labor power is sold by the working class to the capitalitsts as a […]
Leninism
As distinct from Marxism, this term is often used by Trotskyists to refer to Marxism-Leninism without calling it by that name (due to their dislike of Stalin).
Marxism-Leninism
The synthesis of the Marxist economic theory with the science of revolution. The blueprint for how to assess the material conditions, to determine whether the objective conditions of revolution have […]
Material
When used as an adjective, meaning actual, really-existing, and rooted in actual, physical reality. A material benefit, for example, is a real, physical benefit: improved conditions, food, money, capital, what-have-you.
Material conditions
These are the actually existing conditions in the world and an important concept in both dialectical materialism and historical materialism. Material conditions refers to: 1. the mode of production; 2. […]
Means of production
(see also, relations of production) These are the tools and furnishings with which any society engages in wide scale production. In industrial capitalism the means of production are factories, […]