Liberty and Equality in Political Economy

Liberty and Equality in Political Economy

From Locke versus Rousseau to the Present

New Thinking in Political Economy series

Nicholas Capaldi and Gordon Lloyd

Liberty and Equality in Political Economy is an evolutionary account of the ongoing debate between two narratives: Locke and liberty versus Rousseau and equality. Within this book, Nicholas Capaldi and Gordon Lloyd view these authors and their texts as parts of a conversation, therefore highlighting a new perspective on the texts themselves.

Chapter 8: The Scientific Socialism of Marx and Engels

Nicholas Capaldi and Gordon Lloyd

Subjects: economics and finance, history of economic thought, political economy, politics and public policy, political economy

Extract

Karl Marx was born in Trier, Prussia in 1818. He studied law and philosophy at the University of Berlin where he joined a group known as the Young Hegelians. His philosophy thesis earned him a Doctorate from the University of Jena in 1841. He then became a journalist for the radical journal Rheinische Zeitung in Cologne. When the paper was suspended by the government, he moved to Paris in 1843. While there he met and became a lifelong friend and collaborator of Friedrich Engels (1820–95), a wealthy German socialist. Engels had just published The Condition of the Working Class in England (Engels 1844). Marx moved to London in 1849. In 1864, Marx became involved in the International Workingmen's Association (also known as First International). He died in London in 1883.

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