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What mistake did Marx make in his study of capitalism?
What mistake did Marx make in his study of capitalism?
- Mistaking the wealth created by capital for wealth created by labor (correct)
- Mistaking the wealth created by labor for wealth stolen by capitalists
- Mistaking the wealth created by labor for wealth created by capital
- Mistaking the wealth created by capital for wealth stolen by capitalists
Who were the owners of the expanding industrial and commercial enterprises?
Who were the owners of the expanding industrial and commercial enterprises?
- The owners of land
- The recipients of public charity
- The workers
- The capitalists (correct)
What was the distributive pattern like in capitalism?
What was the distributive pattern like in capitalism?
- The capitalists received a smaller proportion of the proceeds of production
- The workers received a greater share of the proceeds of production
- The workers received a smaller proportion of the proceeds of production
- The capitalists received a greater share of the proceeds of production (correct)
According to Marx, who does the surplus value belong to?
According to Marx, who does the surplus value belong to?
According to Marx, can capital instruments create wealth?
According to Marx, can capital instruments create wealth?
What would be the legitimate claim of the owners of capital, according to Marx?
What would be the legitimate claim of the owners of capital, according to Marx?
According to Marx, what did the increasing productivity of capital result in?
According to Marx, what did the increasing productivity of capital result in?
What is the primary concern of the potential purchaser in an exchange economy?
What is the primary concern of the potential purchaser in an exchange economy?
What did Marx believe about the value of material goods produced or services performed?
What did Marx believe about the value of material goods produced or services performed?
In what ways does mental activity enter into economic transactions?
In what ways does mental activity enter into economic transactions?
What is the role of man as a worker in the production of wealth?
What is the role of man as a worker in the production of wealth?
Marx recognized that machines and men are competitors in the sense that scientists and managers strive to eliminate labor costs and improve upon hand methods of production. This competition is due to the fact that machines, when they take the form of a machine, immediately become a competitor of the workman himself.
Marx recognized that machines and men are competitors in the sense that scientists and managers strive to eliminate labor costs and improve upon hand methods of production. This competition is due to the fact that machines, when they take the form of a machine, immediately become a competitor of the workman himself.
Marx observed that in the case of the handcraft industries, the workmen are parts of a living mechanism. In the factory, however, the workman becomes a mere living appendage to a lifeless mechanism independent of him.
Marx observed that in the case of the handcraft industries, the workmen are parts of a living mechanism. In the factory, however, the workman becomes a mere living appendage to a lifeless mechanism independent of him.
Marx's failure to recognize that capital instruments in practice supplant not only physical forces, but intelligence, deterred him from recognizing that capital 'works' just as labor works.
Marx's failure to recognize that capital instruments in practice supplant not only physical forces, but intelligence, deterred him from recognizing that capital 'works' just as labor works.
As a production process uses more and more capital instruments, more of the human mental control of the process of production is shifted away from workers to scientists and management.
As a production process uses more and more capital instruments, more of the human mental control of the process of production is shifted away from workers to scientists and management.
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