Describe the concept of economy described by the classical thinkers like Karl Marx, Max Weber and E. Durkheim.

Classical thinkers such as Karl Marx, Max Weber, and Émile Durkheim made significant contributions to our understanding of the concept of economy and its role in society. While each thinker had distinct perspectives, they all examined the economic dimensions of society and its impact on social relations. Let's explore their views on the economy:

1. Karl Marx:
   Marx's analysis of the economy is central to his broader theory of historical materialism and class struggle. He viewed the economy as the primary driving force behind social change and the basis for understanding the dynamics of capitalist societies.

Marx argued that the capitalist mode of production is characterized by the exploitation of labor. He emphasized the concept of class struggle between the bourgeoisie (capitalist class) and the proletariat (working class). Marx believed that capitalism inherently generates social contradictions and economic crises due to inherent inequalities in wealth and power.

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