basics-025 Marx Capital

Published by Crackers Books,

13 May 2024

Marx’s Capital: A Concise Overview

"Marx’s Capital" is a critical analysis of capitalism from an economic, social, and historical perspective. Here's a concise overview based on academic research:

Comprehensive Critique of Capitalism: Marx’s "Capital" is a foundational text in Marxist theory, providing a comprehensive critique of the capitalist system. It dissects the dynamics of capital accumulation, the labor process, and the functioning of the capitalist economy (Harvey, 2010)(Harvey, 2010).
Labor Theory of Value: At the core of Marx's analysis is the Labor Theory of Value, which argues that the value of a commodity is determined by the socially necessary labor time required for its production. This theory underpins Marx’s critique of exploitation and surplus value in capitalism (Foley, 1982)(Foley, 1982).
Capital Accumulation and Class Struggle: Marx explores the process of capital accumulation and its implications for class struggle. He discusses how capitalist production inevitably leads to the concentration of wealth and the exploitation of the working class (Duménil & Lévy, 2003)(Duménil & Lévy, 2003).
Historical Materialism: Marx uses historical materialism to analyze the development and dynamics of capitalist societies. He examines how economic structures shape societal changes and influence class relations (White, 2021)(W hite, 2021).
Critique of Political Economy: "Capital" is often described as a critique of political economy. Marx challenges the classical political economy and provides an alternative perspective on economic processes, questioning the fairness and sustainability of the capitalist system (Amini, 2016)(Amini, 2016).

Conclusion: "Marx’s Capital" remains a seminal work in understanding the intricacies of capitalism. It provides insightful analyses of economic processes, the role of labor, and the implications of capital accumulation, significantly influencing economic thought and social theory.

Bibliography

Amini, B. (2016). A Brief History of the Dissemination and Reception of Karl Marx's Capital in the United States and Britain. World Review of Political Economy, 7, 334. Link.
Duménil, G., & Lévy, D. (2003). Technology and distribution: historical trajectories à la Marx. Journal of Economic Behavior and Organization, 52, 201-233. Link.
Foley, D. (1982). The Value of Money the Value of Labor Power and the Marxian Transformation Problem. Review of Radical Political Economics, 14, 37-47. Link.
Harvey, D. (2010). A Companion to Marx's Capital. Link.
White, J. D. (2021). The Atrophy of Philosophy and Marx’s Revolution in Social Theory. Critical Sociology, 47, 1349-1353. Link.

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Bibliography