Marxist economic theory

Discuss the following statement on the basis of the theory developed so far in as much detail as possible:
“Marxist economic theory pretends to explain socio-economic reality under capitalism on the basis of
understandings that are fundamentally wrong. Take for example the idea that the value of things is
determined by the amount of labor necessary to produce them. If I’m a world renowned painter and I
produce a unique painting in a week, it would have less value than a painting produced by a nobody that
took 2 months to produce! Clearly the value of the painting depends on how much it is valued by the
prospective buyer, not by how much labor goes into it.”

Sample Solution

The greatest contributions of Marxian economics are derived from Karl Marx’s ground-breaking work “Das Kapital,” first published in 1867. For instance, Marx termed his theory of the capitalist system, “its dynamism, and its tendencies toward self-destruction”. David Roediger (2019) regards much of Das Kapital spells out Marx’s concept of the “surplus value” of labor and its consequences for capitalism. According to Marx, it was not the pressure of labor pools that drove wages to the subsistence level but rather the existence of a large army of unemployed, which he blamed on capitalists. He maintained that within the capitalist system, labor was a mere commodity that could gain only subsistence wages.

eorge Washington at the Siamese Court

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sovereign george washingtonIn October of 1856, perusers of the New York Daily Times were excited for
news from Siam. During the 1850s, most Americans would just be acquainted with the southeast Asian
country presently known as Thailand through its most acclaimed residents, Chang and Eng Bunker, the
first “Siamese twins,” who had been living in the U.S. since 1830. Be that as it may, the Kingdom of Siam
itself—its topography, its administration, its way of life—was an all out puzzle. Be that as it may, another
bargain among Siam and the United States, haggled in 1856 by Townsend Harris, the first U.S. Emissary
General in Japan, ignited an open enthusiasm for everything Siamese. In an article titled “From Siam,” the
Times’ reporter didn’t stop for a second to hose the open’s eagerness. “The significance of a business
bargain with such a people has been and will be misrepresented in the United States,” he composes. “The
current possibilities of Siam are not complimenting.” Seemingly with no feeling of incongruity, the writer of
“From Siam” scrutinized the across the board practice of subjugation in Siam, and expressed his
conviction that “The realm is in a condition of agitation… which may end in a common war.”

On the off chance that the Times’ reporter neglected to see the mutual potential for common turmoil in the
two his own nation and Siam, different purposes of examination among Siam and the U.S. were more
diligently to disregard. The creator detailed that:

… we had a Siamese Prince to visit our boat a brief timeframe since, who passed by the glad name of
‘Sovereign GEORGE WASHINGTON.’ During George’s meanders aimlessly around the boat, if any of his
second rate subjects came in his manner, they would spread themselves out instanter far down and
wriggle themselves off the beaten path like a worm.

A Siamese ruler, requesting that his “mediocre subjects” prostrate themselves before him, and embracing
the name of the United States’ first President, was too odd a figure to disregard; to be sure, portrayals of
Prince George Washington would turn into a standard component of American expounding on Siam from
the mid-1850s to the turn of the century. Yet, who was this strangely named sovereign? Furthermore, what
did the Americans who composed and read about him figure he could show them Siam? Or on the other
hand about America?

Ruler George Washington was truly Prince Wichaichan, the child of the Second King of Siam. The
foundation of the “Second King” was another basic purpose of disarray for American and European
guests to Siam. The Times’ reporter endeavored to disclose the situation to his perusers utilizing an
American political jargon: “The subsequent King is a King just in name, being compliant to the first King in
quite a while, and during the life of the main King he is a minor figure in state undertakings, aside from in
his nonattendance, when he holds the reins of government, being a sort of Vice-President.” Perhaps
obviously, the activity of the Second King shared next to no practically speaking with the Vice Presidency
of the United States. At the point when he came to control in 1851, King Mongkut made the job so as to
conciliate his amazing more youthful sibling, Pinklao. In spite of the fact that the position was to a great
extent representative, the title would have improved Pinklao’s case to the seat if he outlasted Mongkut (he
didn’t). Later in his life, Wichaichan would fill in as Second King to Mongkut’s child Chulalongkorn. So in
spite of the fact that Wichaichan was a significant political figure in Siam, he additionally consistently kept
at a firm expel from a genuine situation of intensity. He would regularly meet with visiting U.S. dignitaries,
who couldn’t resist taking note of—verifiably and expressly—the complexity between the moniker “George
Washington,” which was equivalent with U.S. political force, and Wichaichan’s apparently fixed political
aspirations.

Wichaichan’s strange epithet was the aftereffect of his dad’s pledge to “modernize” Siam by examining
and purposely copying western culture. This “Siamese Occidentalism,” as the Thai anthropologist Pattana
Kitiarsa clarified it, “isn’t just an inversion of Western Orientalist rationales and force/information
relations. It is the verifiably and socially established arrangement of epistemological strategies utilized by
Siam’s rulers and scholarly elites to transform the Otherness of farang [white foreigners] into
questionable objects of those elites’ wants to be present day and civilized.”1 Prince George Washington
was one such “vague article,” bearing both the name of a U.S. President and an imperial title that was
completely incongruent with the American political framework. By naming his child Prince George
Washington (notwithstanding his numerous other illustrious names and titles), Pinklao wished to convey
that he was a dynamic individual who was attracted to present day American culture, while never
surrendering his crucial promise to Siam’s total government.

Pinklao’s self-molded hybridity was gotten on by visiting American scholars, who quite often favored him
to the more preservationist and ordinary King Mongkut. For instance, in his 1873 travelog Siam, the Land
of the White Elephant, as It Was and Seems to be, George B. Bacon reviews a gathering with Pinklao in
the year 1857. “It was difficult to accept that I was in a remote and practically obscure corner of the old
world, and not in the new,” Bacon composes of his encounter with the Second King, since “the discussion
was, for example, may happen between two noble men in a New York parlor.” For Bacon, even Pinklao’s
apparel turns into a representation for the Second King’s Siamese-American hybridity and the change
Siam itself will experience because of its expanded contact with the West. “Half European, half Oriental in
his dress, he had joined the two styles with more great taste than one could have expected,” Bacon
composes. “It was normal for that change from brutality to human progress, whereupon his realm is
simply entering.”

On the off chance that an American essayist like Bacon could see Pinklao’s attire as a representation for
Siam’s social change, at that point the Second King’s child, Prince George Washington, was a much
increasingly intense political image. There is some difference about whether Pinklao named Wichaichan
“George Washington” himself, or in the event that it was crafted by a devoted American minister. In The
English Governess at the Siamese Court, Anna Leonowens claims that “an American teacher, who was on
terms of closeness with the dad, named the kid ‘George Washington,”‘ and in a tribute for Wichaichan
imprinted in the Baptist Missionary Magazine, creator and preacher Fannie Roper Feudge claims that she
“had the pleasure of naming the regal angel… and as the dad had mentioned that the name chose should
consolidate that of an English ruler and an American president, ‘George Washington’ was picked.” It is
improbable that Wichaichan would have been given this epithet without his dad’s express endorsement,
however it is conceivable that Feudge or another American minister may have proposed Washington as an
appropriate name for the youthful Siamese sovereign. If so, it would be predictable with how American
scholars in the nineteenth century utilized the notable picture of George Washington to consider the
United States’ expanding contact with outlandish and far off grounds and people groups. Since he was
such an authoritative and conspicuous image of the United States itself, Washington was the ideal figure
for communicating worry over what may befall the American character in the event that it came into
contact with a remote “other.”

Right off the bat in Herman Melville’s 1851 novel Moby Dick, Ishmael battles to accommodate his tangled
affections for the South Seas harpooner Queequeg. From the start, Ishmael is concerned that Queequeg
is a barbarian who will kill him in his rest, yet after they share a bed for the evening, Queequeg
pronounces that he and Ishmael are “wedded… which means, in his nation’s expression, that [they] were
chest companions.” Queequeg’s otherness is counterbalanced by his unexpected and significant
closeness with Ishmael—the savage from Kokovoko is currently part of Ishmael’s American family.
Interested by his new companion, Ishmael offers the accompanying odd depiction of Queequeg:

With much intrigue I sat watching him. Savage however he was, and frightfully defaced about the face—in
any event to my taste—his face yet had a something in it which was in no way, shape or form obnoxious.
You can’t conceal the spirit. Through the entirety of his ridiculous tattooings, I thought I saw the hints of a
straightforward fair heart; and in his huge, profound eyes, searing dark and striking, there appeared
tokens of a soul that would set out a thousand demons. Furthermore this, there was a sure elevated
bearing about the Pagan, which even his tactlessness couldn’t by and large injure. He resembled a man
who had never flinched and never had a bank. Regardless of whether it was that his head being shaved,
his brow was drawn out in more liberated and more brilliant help, and looked more far reaching than it in
any case would, this I won’t dare to choose; yet certain it was his head was phrenologically a magnificent
one. It might appear to be crazy, however it helped me to remember General Washington’s head, as found
in the well known busts of him. It had the equivalent long consistently reviewed withdrawing incline from
over the foreheads, which were in like manner anticipating, similar to two long projections thickly lush on
top. Queequeg was George Washington primatively created.

Ishmael was not the only one in his phrenological interest with George Washington. In Orson Squire
Fowler’s The Practical Phrenologist, Washington is introduced for instance of the “even demeanor,” which
is “by a long shot the best” skull type Fowler distinguishes. Queequeg might be “inhumanly grown,”
however his Washington-like phrenological highlights recommend that he is all things considered a
legitimate and decent individual. This enthusiasm for the highlights of the first George Washington’s skull
can be recognized in descri

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