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Karl Marx’s critique of capitalism represents a biased and outdated ideological perspective which has no relevance for the study of contemporary society. Write an essay in which you critically examine this indictment of Marx’s ideas. Try to ensure that your discussion covers (at least) the following points: the evolution of Marx’s early concept of alienation into his later concept of exploitation; his understanding of the concept of commodities and of commodity production; his theory of surplus value; his laws of capitalist development, and his analysis of social classes. In your conclusion, try to decide whether Marx’s ideas are irrelevant and out of date, or whether they still have some relevance for the study of contemporary society. Ensure that your account makes fully documented use of the relevant course readings. 

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