Joseph Schumpeter, Capitalism, Socialism and Democracy (1942), Ch.1
“
Marxism is a religion. To the believer it presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions; and, secondly, a guide to those ends which implies a plan of salvation and the indignation of the evil from which mankind, or a chosen section of mankind, is to be saved.
— Joseph Schumpeter
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Marxism is a religion. To the believer it presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions; and, secondly, a guide to those ends which implies a plan of salvation and the indignation of the evil from which mankind, or a chosen section of mankind, is to be saved." in the context of "Joseph Schumpeter, Capitalism, Socialism and Democracy (1942), Ch.1" to mean that wisdom is timeless.
Source: Wikiquote: "Karl Marx" (Quotes about Marx: Alphabetized by author )
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Tags
About Karl Marx
Karl Heinrich Marx (5 May 1818 – 14 March 1883) was a German political philosopher, economist, historian, sociologist, journalist and revolutionary socialist. Marx's work in economics laid the basis for labor theory of value, and has influenced much of subsequent economic thought. He published many works during his lifetime, including The Communist Manifesto (1848) and the first volume of Das Kapital (1867), the two later volumes being completed by his collaborator Friedrich Engels.
About Karl Marx
Karl Heinrich Marx (5 May 1818 – 14 March 1883) was a German political philosopher, economist, historian, sociologist, journalist and revolutionary socialist. Marx's work in economics laid the basis for labor theory of value, and has influenced much of subsequent economic thought. He published many works during his lifetime, including The Communist Manifesto (1848) and the first volume of Das Kapital (1867), the two later volumes being completed by his collaborator Friedrich Engels.
View all quotes →