Karl Marx: Das Kapital: From Capitalist Exploitation to Communist Revolution
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Karl Marx: Das Kapital: From Capitalist Exploitation to Communist Revolution

3.05 of 5 stars 3.05  ·  rating details  ·  20 ratings  ·  5 reviews

In his monumental work, Das Kapital, Karl Marx (1818-1883), tried to show that capitalism was both inefficient and immoral. His key to explaining capitalism is his labor theory of value, which he developed from ideas of Adam Smith and David Ricardo.

Marx argued that all profit, rent, and interest are "surplus-value", obtained by paying workers less than the value of their p

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P.J. Sullivan
Karl Marx believed that workers were being exploited by their capitalist employers; that they were being underpaid. He thought that the "surplus value" expropriated by bosses was too high relative to the value created by workers. To prove his point he had to assess the values of commodities, not a simple thing to do. Is the value of a commodity to be determined by the labor time that went into it? By its utility? By its scarcity? In the capitalist system, values were determined by market demand,...more
A better than usual examination of Das Kapital--Steele has no apparent ax to grind, a welcome relief from the common, frothing pro-Marx or anti-Marx commentaries. He also includes commentary from and about Engels, Marx's longtime collaborator and posthumous editor.

Marx was among the first to correctly identify Labor as Capital. For that alone, he is worth reading. Unfortunately, he was also a moralistic prig, who dropped his chain of logic in order to pursue ideological points. As a result, his...more
A brief commentary on Karl Marx' tome, Das Kapital. Although scientifically archaic, Marx's books and ideas have had an enormous impact on the world. Marx was a critique first and foremost, and a revolutionary second. He didn't put down a very firm foundation for communism but rather laid a powerful critique on the understanding of capitalism at the time.
It's an interesting and informative little book that explains a bit about Marx, his beliefs and what he presents in 'Das Kapital.' It's nice that it tries to stay more or less neutral on the topic of communism and explain the information as it is.
1) I'm a UofC econ guy, sorry, Karl.
2) Far too many holes in his logic, some of his points are good, but he makes strange jumps in my opinion.
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