Which of the following statements is true?
A) Marx did not follow a historical approach to economics.
B) To Marx, capitalism was a stage in the development of economic systems.
C) Marx explained how capitalism would give way to feudalism.
D) Marx was the lone economist in his time who supported the labor theory of value.

Question

Quizplus · Accepted Answer

Marx believed that capitalism was a stage in the historical development of economic systems and that it would eventually give way to socialism. He saw history as a series of class struggles, and believed that each stage of economic development was characterized by a dominant class that exploited the working class.

Which of the Following Statements Is True