ABSTRACT

Karl Marx is usually thought of as the man who claimed to have made Socialism scientific, and who did more than anyone else to create the powerful movement which, by attraction and repulsion, has dominated the history of Europe. Classical economists, consciously or unconsciously, aimed at the welfare of the capitalist, as opposed both to the landowner and to the wage-earner; Marx, on the contrary, set to work to represent the interest of the wage-earner. Marx's philosophy of history is a blend of Hegel and British economics. Like Hegel, he thinks that the world develops according to a dialectical formula, but he totally disagrees with Hegel as to the motive force of this development. Marx fitted his philosophy of history into a mould suggested by Hegelian dialectic, but in fact there was only one triad that concerned him: feudalism, represented by the landowner; capitalism, represented by the industrial employer; and Socialism, represented by the wage-earner.