The following points highlight the five economic ideas of Johann Karl Rodbertus. The economic ideas are: 1. Exploitation of Labour 2. Commercial Crisis 3. Distributive Justice 4. Law of Decreasing Wage-Share 5. Suggestions for Improvement. Economic Idea # 1. Exploitation of Labour: Johann Karl Rodbertus believed that labour produces all economic goods either directly, or indirectly through tools and machinery. [...]
In this article we will discuss about State Socialism:- 1. Meaning of State Socialism 2. Phases of State Socialism 3. Assessment. Meaning of State Socialism: The year 1848 is very significant in the history of Socialist thought. It was the period when one phase of socialism had ended and the latter was to be started. By this time, all Utopian [...]
In this article we will discuss about the economic ideas of Ferdinand Lassalle. In the development of German Socialism Lassalle occupies a pride of place. Lassalle was educated at Breslau and Berlin and was a brilliant person and a promising scholar. He was well acquainted with the writings of Marx and he again and again referred to Marx as his [...]