Description
Wellred Understanding Marx by Adam Booth , Rob Sewell
Marxs Capital revolutionised the subject of political economy. Written over 150 years ago it revealed for the first time the real workings of capitalism. It was however met with a wall of silence from mainstream economists and the establishment. Despite this Capital became regarded in the labour movement as the Bible of the working class.
Basing himself on the most advanced material of the age Marx was able to explain the mysteries that the classical economists were incapable of resolving. What is value? Where does profit come from? How are workers exploited? Why does the system face periodic crises?
Marx was able to answer these questions by analysing the main contradictions of capitalism. He was able to explain how the system would eventually reach its limits and enter into decline and demise.
Like other sciences political economy has its own terminology which can sometimes be difficult to digest. Those prepared to overcome such hurdles however will find that Marxs Capital contains a veritable feast of ideas and a new way of looking at the world.
Written by authors from the International Marxist Tendency this book is intended to help guide readers through the pages of volume one of Capital. The aim is to bring out the main themes and ideas contained within Marxs economic writings.
Understanding Capital allows us to understand the crisisridden world around us today and most importantly how we can radically transform it.
The philosophers have only interpreted the world in various ways Marx famously asserted. The point however is to change it.