THE MARXIAN THEORY OF POLITICAL ECONOMY AND SOCIAL CLASS ANALYSIS
According to Marxian political economy, the structure of material production forms the foundation upon which political, legal and social life is built. This idea is captured in the famous assertion that “the mode of production of material life determines the character of the political process of life.” In other words, the way a society produces its material needs — food, goods, wealth and resources, largely shapes its political institutions, power relations and patterns of governance. This argument is not unconnecetd with the book titled The Communist Manifesto , jointly authored by Karl Marx and Friedrich Engels in 1932. Marx argued that the driving force of history is not ideas, morals, or religion, but material conditions. He believed that, human history is fundamentally a history of class struggles. That is, persistent conflicts between opposing social groups defined by their relationship to economic production. These struggles manifest most clearly between the bourgeoi...