Marxism is a general theory of the world in which we live, and of human society as a part of that world. It takes its name from Karl Marx (1818-1883), who, together with Friedrich Engels (1820-1895), worked out the theory during the middle and latter part of last century.
Marx applied this general idea to the society in which he lived-mainly capitalism Britain-and worked out the economic theory of capitalism by which he is most widely known.
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