The 14th of September this year marked the 150th anniversary of the publication of the first volume of Capital, written by Karl Marx. The aim of this book, whose second and third volumes were completed by Engels after the death of Marx, was to “lay bare the economic law of motion of modern society – that is, capitalist, bourgeois society”. Based on his thorough analysis of the capitalist mode of production, Marx identified the fundamental contradiction of this system, whose resolution would lead to socialism.
Marxism emerged as a continuation of the most advanced thought that had been developed by the best minds in 19th century Europe. It was a further development of German philosophy, English political economy and French socialism.