Capital : A Critique of Political Economy (Penguin Classics) (Volume 2)

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Capital : A Critique of Political Economy (Penguin Classics) (Volume 2)
by Karl Marx
from Penguin Classics

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• Avg. Customer Rating: 4.5 / 5.0

• Must read
  Although Marx's Capital remains a difficult read, it is essential for understanding the current economic mess, in particular the growth of unproductive speculative capital. With speculative debt reaching nearly ten times the level of the world's productive economy (GDP), it appears that the barons of capitalism have sealed their own fate. Find out why.

• Big Impact on My Life
  I used to ascribe to Marxist philosophy. However, there are problems with his analysis, and it can be seen in concrete terms from command economies. If the labor theory of value is true, then there is no difference between 1 year old scotch and 15-year old scotch whiskey, although conisseurs of liquor would disagree... shoddy products and inefficent workers come into play. Another problem is that Marx promises "Proof" of the labor theory of value but never gives it. Also, he talked alot about Capital but... more info

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