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Marxism is a method of socioeconomic analysis that originates in the works of 19th century German philosophers Karl Marx and Friedrich Engels. Marxism analyzes and critiques the development of class society and especially of capitalism as well as the role of class struggles in systemic, economic, social and political change. It frames capitalism through a paradigm of exploitation and analyzes class relations and social conflict using a materialist interpretation of historical development (now known as "historical materialism") – materialist in the sense that the politics and ideas of an epoch are determined by the way in which material production is carried on.[1]
From the late 19th century onward, Marxism has developed from Marx's original revolutionary critique of classical political economy and materialist conception of history into a comprehensive, complete world-view.[1] There are now many different branches and schools of thought, resulting in a discord of the single definitive Marxist theory.[2] Different Marxian schools place a greater emphasis on certain aspects of classical Marxism while rejecting or modifying other aspects. Some schools of thought have sought to combine Marxian concepts and non-Marxian concepts which has then led to contradictory conclusions.[3]
Marxism–Leninism and its offshoots are the most well-known Marxist schools of thought as they were a driving force in international relations during most of the 20th century.[4]
The German Marxists extended the theory to groups and issues Marx had barely touched. Marxian analyses of the legal system, of the social role of women, of foreign trade, of international rivalries among capitalist nations, and the role of parliamentary democracy in the transition to socialism drew animated debates. [...] Marxian theory (singular) gave way to Marxian theories (plural).
Marxist political economists differ over their definitions of capitalism, socialism and communism. These differences are so fundamental, the arguments among differently persuaded Marxist political economists have sometimes been as intense as their oppositions to political economies that celebrate capitalism.