Marxist Socialism

Introduction

Marxist Socialism refer to a Marxian school of economics which emerged soon after Marx's death, led by his companions and co-writers, Friedrich Engels and Karl Kautsky.

Karl Marx work suggested earlier that the number of conditions required for steady-state growth were too numerous for capitalism to avoid its own breakdown. This "inevitablibilty" of the capitalism failure was challenged by Bernstein (1899) who thought that if socialism is to exist, it must be a conscious choice