History of economic thought its critics. Socialism emerged in response to the miserable living and working conditions of the working class in the new industrial era, and the classical economics from which it sprang. The economic and political theory published in "The Communist Manifesto" (1848) and "Das Kapital" (1867) combined with the dialectic theory of history inspired by Friedrich Hegel (1770–1831) to provide a revolutionary critique of nineteenth-century capitalism. In 1845 German radical Friedrich Engels (1820–1895) published "The Condition of the Working Class in England in 1844", describing workers in Manchester as "the most unconcealed pinnacle of social misery in our day." After Marx
Social conflict theory individuals compete for economic gain. He defines a class as a group of individuals who share a similar position in market economy and by virtue of that fact receive similar economic rewards. Thus a person's class situation is basically his market situation. Those who share a similar class situation also share similar life chances. Their economic position will directly affect their chances of obtaining the things defined as desirable in their society. Social conflict theory Social conflict theory is a Marxist-based social theory which argues that individuals and groups (social classes) within society interact on the basis of conflict rather