Labour economicsLabour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms. Because these labourers exist as parts of a social, institutional, or political system, labour economics must also account for social, cultural and political variables. Labour markets or job markets function through the interaction of workers and employers.
Personal propertyPersonal property is property that is movable. In common law systems, personal property may also be called chattels or personalty. In civil law systems, personal property is often called movable property or movables—any property that can be moved from one location to another. Personal property can be understood in comparison to real estate, immovable property or real property (such as land and buildings). Movable property on land (larger livestock, for example) was not automatically sold with the land, it was "personal" to the owner and moved with the owner.
Welfare stateA welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life. There is substantial variability in the form and trajectory of the welfare state across countries and regions.
World-systems theoryWorld-systems theory (also known as world-systems analysis or the world-systems perspective) is a multidisciplinary approach to world history and social change which emphasizes the world-system (and not nation states) as the primary (but not exclusive) unit of social analysis. "World-system" refers to the inter-regional and transnational division of labor, which divides the world into core countries, semi-periphery countries, and the periphery countries.
Leon Trotsky'Lev Davidovich Bronstein' ( – 21 August 1940), better known as Leon Trotsky (ˈtrɒtski), was a Russian-born revolutionary, Soviet politician, and naturalized Mexican political theorist. Along with Vladimir Lenin, he was a central figure in the October Revolution and the establishment of the Soviet Union. Ideologically a Marxist, Trotsky's writings and thought inspired a school of the ideology known as Trotskyism. Born to a wealthy Russian Jewish family in Yanovka (now Bereslavka, Ukraine), Trotsky embraced Marxism after moving to Nikolayev in 1896.
DétenteDétente; detɑ̃t) is the relaxation of strained relations, especially political ones, through verbal communication. The diplomacy term originates from around 1912, when France and Germany tried unsuccessfully to reduce tensions. The term is often used to refer to a period of general easing of geopolitical tensions between the Soviet Union and the United States during the Cold War. Détente began in 1969 as a core element of the foreign policy of United States President Richard Nixon.
Political commissarIn the military, a political commissar or political officer (or politruk, a portmanteau word from politicheskiy rukovoditel; or political instructor) is a supervisory officer responsible for the political education (ideology) and organization of the unit to which they are assigned, with the intention of ensuring political control of the military. The function first appeared as commissaire politique (political commissioner) or représentant en mission (representative on mission) in the French Revolutionary Army during the French Revolution (1789–1799).
William MorrisWilliam Morris (24 March 1834 – 3 October 1896) was a British textile designer, poet, artist, fantasy writer, and socialist activist associated with the British Arts and Crafts movement. He was a major contributor to the revival of traditional British textile arts and methods of production. His literary contributions helped to establish the modern fantasy genre, while he helped win acceptance of socialism in fin de siècle Great Britain. Morris was born in Walthamstow, Essex, to a wealthy middle-class family.
Deng XiaopingDeng Xiaoping (22 August 1904 – 19 February 1997) was a Chinese revolutionary and statesman who served as the paramount leader of the People's Republic of China (PRC) from December 1978 to November 1989. After Chinese Communist Party chairman Mao Zedong's death in 1976, Deng gradually rose to supreme power and led China through a series of far-reaching market-economy reforms earning him the reputation as the "Architect of Modern China".
MaoismMaoism, officially called Mao Zedong Thought by the Chinese Communist Party (CCP), is a variety of Marxism–Leninism that Mao Zedong developed to realize a socialist revolution in the agricultural, pre-industrial society of the Republic of China and later the People's Republic of China. The philosophical difference between Maoism and traditional Marxism–Leninism is that a united front of progressive forces in class society would lead the revolutionary vanguard in pre-industrial societies rather than communist revolutionaries alone.
