Philosophy and Business

Paper Summary:

Philosophy changes the way in which people view the world and therefore the way in which we do business. This paper examines how Karl Marx, Sigmund Freud and Martin Luther King have all influenced business. It discusses how Marx's "Communist Manifesto", changed the way the world viewed labor and the treatment of laborers. It also examines how Freud's development of psychoanalytical theory created a whole new field of psychology and increased the demand for therapists to the point where therapy became a major industry. Finally, it examines how Martin Luther King's civil rights movement helped to increase the number of African-Americans operating their own businesses and created a whole new industry of activism.

From the Paper:

"Along with Frederick Engels, Karl Marx was probably one of the most influential philosophers of the nineteenth century. The impact of Marx's Communist Manifesto, was not really felt in the business world until the early Twentieth Century. However, since the 1917 Russian Revolution, Marxism has had a dramatic influence on world affairs. Worldwide, the Communist Party saw a greater increase in membership than any other political philosophical movement. Two of the largest countries in the world the Soviet Union and the People's Republic of China have been dominated by the Communist Party for much of this century. Today, the Communist Party exists in almost every country. Its influence over the ways in which governments view business is tremendous."

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