MHI-02: MODERN WORLD
Course Code: MHI-02
Assignment Code: MHI-02/AST/TMA/2016-17
Total Marks: 100
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Starting from the late medieval age and
commercial capitalism, this economic progress further led to the coming of
industrial capitalism. All these phases were associated with the advent and
establishment of the principles of capitalist economy. But in the early years
of 19th century a parallel critique of this market driven capitalist economy
had begun. There was attempt to think of alternate economic models. Foremost
among such thinkers were Marx and Engels apart from others. But the real
testing time for this socialist model came with the October Revolution in
Russia in 1917. It is in the backdrop of these developments that you would read
about the background and later developments in the formulation and application
of this model, mainly in Europe.
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