Socialist Socio-Economic Analysis

Marxist Theory of Socialist Socio-Economic Management Historically, the term ‘Social Economy’ first appeared in France and referred primarily to a theoretical approach that dates back to the first half of the 19th century. The intellectual idealistic roots of social economy originate in the 16th century writing of Thomas More and run through the important influences of Robert Owen, the Rochdate Pioneer, and theorists such as Fourier, Proudhon, and Saint Simon. The legacy is rich and has more generally been associated with Utopian Socialism. The theoretical basis of socialism is provided by Karl Marx and Frederick Engels who believed that to end exploitation from the world, it is necessary to abolish private ownership of the means of

In this article, he describes Marx’s contributions to the store-house of scientific knowledge of the world society in the following words-

“ Of the many important discoveries through which Marx has inscribed his name in the annals of science, we can here dwell on only two. The first is the revolution brought about by him in the whole conception of the world history. The whole previous view of history was based on the conception that the ultimate cause of all historical changes are to be looked for in the changing ideas of human beings, and that of all historical changes political changes are the most important and dominate the whole of history. But the question was not asked as to whence the ideas come into men’s minds and what the driving causes of the political changes are…………..” “The second important discovery of Marx is the final elucidation of the relation between capital and labor, in other words, the demonstration how within present society and under the existing capitalist mode of production, the exploitation of worker by the capitalist takes place……….”

He concludes the

The principle of socialist SEM has become the global gravitational force and capitalist SEM cannot prove it moral superiority over it. The old system is very old; the new system is very new. The law of the history of social development is in favor of the new and its ultimate victory over the old is pre-destined. The scientific socialist SEM is the product of objective social conditions created by the advance social productive forces capable of maintaining the flow of supply of social commodities and services in abundance in comparison to the reasonable demands of the population. This stage of the social-production forces frees human society from the fear of future insufficiency of material resources of living. This objective situation creates the subjective situation for social acceptability of the system. The Marxist socialist SEM, at the present stage, is the guided by the scientific technological revolution empowered with the following advance instrument of productions and