Great Economists · Modern
Karl Marx's Economics
Marx as economist: the labor theory of value, surplus value and exploitation, capital accumulation, the falling rate of profit, crises, and what mainstream economics accepted, rejected and still debates.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Adam Smith; Ricardo. Next: Schumpeter; Keynes; Marx (philosophy). Sources: Marx, *Capital* vol. 1 (1867); Gareth Stedman Jones, *Karl Marx* (2016); Crash Course.Next: 1. Life and works