History of economic thought wrote in "The Communist Manifesto", From the first page of "Das Kapital": Marx uses the word "commodity" in an extensive metaphysical discussion of the nature of material wealth, how the objects of wealth are perceived and how they can be used. A commodity contrasts to objects of the natural world. When people mix their labor with an object it becomes a "commodity". In the natural world there are trees, diamonds, iron ore and people. In the economic world they become chairs, rings, factories and workers. However, says Marx, commodities have a dual nature, a dual value. He distinguishes the use
The Communist Manifesto in theory; Marxist works such as the "Manifesto" or "Das Kapital" were read primarily by party theoreticians. On the other hand, small, dedicated militant parties and Marxist sects in the West took pride in knowing the theory; Hobsbawm says "This was the milieu in which 'the clearness of a comrade could be gauged invariably from the number of earmarks on his Manifesto. Following the October Revolution of 1917 that swept the Vladimir Lenin-led Bolsheviks to power in Russia, the world's first socialist state was founded explicitly along Marxist lines. The Soviet Union, which Bolshevik Russia would become a part of,