Proper Understanding of Marx's Economic Theories and Development of Capitalism

Marxist economics is a set of theories about development of capitalism.The course of development of capitalism in about a hundred years has proved some of the claims and analysis of Marx about capitalism.The fact that changes in modern capitalism has not caused fundamental changes in the capitalist production mode implies that the economic principles exposed by Marx still function.The author holds that Marx's predictions that capitalism was declining when he discussed the historical trend of capitalist development and thetheory about abolition of capitalismhe raised in analysis of the capitalist nature of holdings company had pointed to two different issues.Therefore,the author argues that no conflicting ideas exist between these propositions.