High Quality Content by WIKIPEDIA articles! Marxism is an economic and sociopolitical worldview and method of socioeconomic inquiry that centers upon a materialist interpretation of history, a dialectical view of social change, and an analysis and critique of the development of capitalism. Marxism was pioneered in the early to mid 19th century by two German philosophers, Karl Marx and Friedrich Engels. Marxism encompasses Marxian economic theory, a sociological theory and a revolutionary view of social change that has influenced socialist political movements around the world.