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The Later Marxism

By Veblen, Thorstein

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Book Id: WPLBN0000152311
Format Type: PDF eBook
File Size: 0.5 MB
Reproduction Date: 2005
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Title: The Later Marxism  
Author: Veblen, Thorstein
Language: English
Subject: Literature, Literature & thought, Writing.
Collections: Classic Literature Collection
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Publisher: World Ebook Library


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Veblen, T. B. (n.d.). The Later Marxism. Retrieved from

Marx worked out his system of theory in the main during the third quarter of the nineteenth century. He came to the work from the standpoint given him by his early training in German thought, such as the most advanced and aggressive German thinking was through the middle period of the century, and he added to this German standpoint the further premises given him by an exceptionally close contact with and alert observation of the English situation. The result is that he brings to his theoretical work a twofold line of premises, or rather of preconceptions. By early training he is a neo-Hegelian, and from this German source he derives his peculiar formulation of the Materialistic Theory of History. By later experience he acquired the point of view of that Liberal-Utilitarian school which dominated English thought through the greater part of his active life. To this experience he owes (probably) the somewhat pronounced individualistic preconceptions on which the doctrines of the Full Product of Labor and the Exploitation of Labor are based. These two not altogether compatible lines of doctrine found their way together into the tenets of scientific 1 socialism, and give its characteristic Marxian features to the body of socialist economics.

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