'All economic systems are also social systems' was propounded by.

NCERT (2025-26): “4.2 Understanding Capitalism as a Social System … One of the founders of modern sociology, Karl Marx, was also a critic of modern capitalism. Marx understood capitalism as a system of commodity production, or production for the market, through the use of wage labour. As you have already learned, Marx wrote that all economic systems are also social systems. Each mode of production consists of particular relations of production, which in turn give rise to a specific class structure.…”