Marx’s most popular theory was ‘historical materialism’, arguing that history is the result of material conditions, rather than ideas. He believed that religion, morality, social structures and other things are all rooted in economics. In his later life he was more tolerant of religion.
Also know, how does Marx define capital?
Capital can be defined as that amount of wealth which is used in making profits and which enters into the accounts. Karl Marx adds a distinction that is often confused with David Ricardo’s. In Marxian theory, variable capital refers to a capitalist’s investment in labor-power, seen as the only source of surplus-value.
Hereof, which of the following was advocated by Karl Marx?
Karl Marx was a German philosopher during the 19th century. He worked primarily in the realm of political philosophy and was a famous advocate for communism. Learn more about communism.