Political Economy Academic Area
Lenin developed Marxist theory on the two phases of communist society; on the transition from the first to the second, or greater, section; on the essential options of the fabric and technical basis for communism and the means for establishing it; and on the formation of communist manufacturing relations. He defined the up to date epoch as primarily the epoch of man’s transition from capitalism to socialism, and he predicted the emergence of a world socialist system that might have a decisive effect on the whole course of world improvement.
The research of financial processes and phenomena originated in the undifferentiated sciences of antiquity. Political economy took shape as a separate science in the course of the formative interval of capitalism. The first makes an attempt to realize an understanding of the phenomena of capitalism and to provide a foundation for presidency economic coverage were made by representatives of the … Read More