[This is the first of a two-part article that examines both structural and processural paradigms of social theory. This argues that the structural-based theories cannot do what they claim to do; in ...

What you need to know about the Karl Marx theory Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading ...

Conflict theory is an idea presented by Karl Marx that suggests competition for resources keeps people in conflict. Conflict theory offers one explanation for the struggle between socioeconomic groups ...