Organic composition of capitalThe organic composition of capital (OCC) is a concept created by Karl Marx in his theory of capitalism, which was simultaneously his critique of the political economy of his time. It is derived from his more basic concepts of 'value composition of capital' and 'technical composition of capital'. Marx defines the organic composition of capital as "the value-composition of capital, in so far as it is determined by its technical composition and mirrors the changes of the latter".
Louis AlthusserLouis Pierre Althusser (ˌæltʊˈsɛər, ˌɑːltuːˈsɛər; altysɛʁ; 16 October 1918 – 22 October 1990) was an Algerian-born French Marxist philosopher who studied at the École normale supérieure in Paris, where he eventually became Professor of Philosophy. Althusser was a long-time member and sometimes a strong critic of the French Communist Party (Parti communiste français, PCF). His arguments and theses were set against the threats that he saw attacking the theoretical foundations of Marxism.
Dominant ideologyIn Marxist philosophy, the term dominant ideology denotes the attitudes, beliefs, values, and morals shared by the majority of the people in a given society. As a mechanism of social control, the dominant ideology frames how the majority of the population thinks about the nature of society, their place in society, and their connection to a social class. In The German Ideology (1845), Karl Marx and Friedrich Engels said that "The ideas of the ruling class are, in any age, the ruling ideas" applied to every social class in service to the interests of the ruling class.
CommunismCommunism (from Latin communis) is a left-wing to far-left sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that allocates products to everyone in the society based on need. A communist society would entail the absence of private property and social classes, and ultimately money and the state (or nation state).
Economic interventionismEconomic interventionism, sometimes also called state interventionism, is an economic policy position favouring government intervention in the market process with the intention of correcting market failures and promoting the general welfare of the people. An economic intervention is an action taken by a government or international institution in a market economy in an effort to impact the economy beyond the basic regulation of fraud, enforcement of contracts, and provision of public goods and services.
NormativityNormative generally means relating to an evaluative standard. Normativity is the phenomenon in human societies of designating some actions or outcomes as good, desirable, or permissible, and others as bad, undesirable, or impermissible. A norm in this sense means a standard for evaluating or making judgments about behavior or outcomes. "Normative" is sometimes also used, somewhat confusingly, to mean relating to a descriptive standard: doing what is normally done or what most others are expected to do in practice.
HistoricismHistoricism is an approach to explaining the existence of phenomena, especially social and cultural practices (including ideas and beliefs), by studying their history; that is, by studying the process by which they came about. The term is widely used in philosophy, anthropology, and sociology. This historical approach to explanation differs from and complements the approach known as functionalism, which seeks to explain a phenomenon, such as for example a social form, by providing reasoned arguments about how that social form fulfills some function in the structure of a society.
IdeologyAn ideology is a set of beliefs or philosophies attributed to a person or group of persons, especially those held for reasons that are not purely epistemic, in which "practical elements are as prominent as theoretical ones." Formerly applied primarily to economic, political, or religious theories and policies, in a tradition going back to Karl Marx and Friedrich Engels, more recent use treats the term as mainly condemnatory.
RevolutionIn political science, a revolution (revolutio, 'a turn around') is an attempt to achieve fundamental and relatively sudden change in political power and political organization. It typically involves a revolt against the government due to perceived oppression (political, social, economic) or political incompetence. Revolutions have occurred throughout human history and vary widely in terms of methods, success or failure, duration, and motivating ideology.
TrotskyismTrotskyism is the political ideology and branch of Marxism developed by Russian revolutionary Leon Trotsky and some other members of the Left Opposition and Fourth International. Trotsky described himself as an orthodox Marxist, a revolutionary Marxist, and a Bolshevik–Leninist as well as a follower of Marx, Engels, Vladimir Lenin, Karl Liebknecht, and Rosa Luxemburg.
