Marxist Economics

Marxist economics is the study of the laws of motion of capitalist society, allowing us to understand why capitalism perpetually goes into crisis.
Marxist economics is the study of the laws of motion of capitalist society, allowing us to understand why capitalism perpetually goes into crisis.

Marxist economics is the study of the laws of motion of capitalist society. Why does capitalism perpetually go into crisis? Why does mass unemployment exist? Are commodity production, the domination of the market, and rich and poor natural, immutable states of being for humanity? Or are they merely the products of this specific mode of production - capitalism? If so, is there any way capitalism can exist without these problems, or by minimising them?

Marxist economics is a “holistic” way of analysing capitalist economy. It starts out by placing it in its real historical context (rather than dreaming up abstract idealisations of capitalism to justify it, as bourgeois economics does), studying all its interconnections and contradictions, rather than artificially isolating one aspect of it. In doing so, Marxist economics lays bare the functioning of capitalism; the exploitation and injustice inherent within it. Those who want to get to the essence of why, in the 21st Century, despite having a more advanced understanding of the world than ever before, humanity seems plunged into perpetual crisis it cannot get to grips with, should look no further than Marxist economics, beginning with the writings of Marx himself.

Introduction

Marxist economics is the study of the laws of motion of capitalist society. Why does capitalism perpetually go into crisis? Why does mass unemployment exist? Are commodity production, the domination of the market, and rich and poor natural, immutable states of being for humanity? Or are they merely the products of this specific mode of production - capitalism? If so, is there any way capitalism can exist without these problems, or by minimising them?

Marxist economics is a “holistic” way of analysing capitalist economy. It starts out by placing it in its real historical context (rather than dreaming up abstract idealisations of capitalism to justify it, as bourgeois economics does), studying all its interconnections and contradictions, rather than artificially isolating one aspect of it. In doing so, Marxist economics lays bare the functioning of capitalism; the exploitation and injustice inherent within it. Those who want to get to the essence of why, in the 21st Century, despite having a more advanced understanding of the world than ever before, humanity seems plunged into perpetual crisis it cannot get to grips with, should look no further than Marxist economics, beginning with the writings of Marx himself.

 


 

Introductory articles

Introduction to Marxist Economics - Alan Woods and Rob Sewell

In Defence of the Labour Theory of Value - Rob Sewell

Capitalism and Crisis - Nigel Warren

Monopoly and Imperialism - Ravi Mistry

An Introduction to Marx's Labour Theory of Value - Mick Brooks (And Part Two )

Wage Labour and Capital - Karl Marx

Value, Price, and Profit - Karl Marx

 

Longer articles

Will There Be a Slump? - Ted Grant

"Underconsumption" and the Marxist Theory of Crisis - Rob Sewell

The Capitalist Crisis and the Tendency for the Rate of Profit to Fall - Rob Sewell

Marx, Keynes, Hayek, and the Crisis of Capitalism - Adam Booth

Technology, innovation, growth, and capitalism - Adam Booth

What is Money? - Adam Booth

Marxism and the Theory of "Long Waves" - Alan Woods

 

Marxist classics

A Contribution to the Critique of Political Economy - Karl Marx

The Poverty of Philosophy - Karl Marx

Theories of Surplus-Value - Karl Marx

Capital: volumes One , Two , and Three - Karl Marx

Anti-Duhring, Part Two: Chapters 6-10 - Frederick Engels

 

Capital reading guide

Chapter 1 - The Commodity

Chapters 2-3 - Money

Chapters 4-8 - Surplus Value

Chapters 9-11 - Exploitation and the Working Day

Chapters 12-14 - Productivity, Co-operation, and the Division of Labour

Chapter 15 - Machinery

Chapters 16-22 - Wages

Chapters 23-25 - Accumulation

Chapters 26-31 - The Origins of Capitalism

 

Audios and videos

Marxism vs Keynesianism - Adam Booth

Marx, Piketty, Capital, and Inequality - Adam Booth

The Origins of Marxist Economics - Ben Gliniecki

Crisis and Capital: why Marx was right - Adam Booth

Capitalism, automation, and technology - Adam Booth

Educate Yourself

Socialist Appeal are proud to publish this education guide to help focus your studies of Marxist theory and practice. Visit the various tabs below to find links to introductory articles, classic texts, videos and audio talks for different topics. Read More

The Fundamentals of Marxism: suggested reading

Check out this selection of writings for an excellent introduction to many of the fundamentals of Marxist theory, providing a strong basis for those wishing to equip themselves with the ideas necessary in order to fight for socialism. Read More

Dialectical Materialism and Science

Dialectical materialism is the philosophy or methodology of Marxism. We must seek to understand the laws of society and nature in order to change them. Read More

Historical Materialism

Historical materialism is the general theory of how and why society develops in the way it does. Each social system has its inherent laws of motion. If we want to overthrow capitalist society, we must understand how capitalism works. Read More

Marxist Economics

Marxist economics is the study of the laws of motion of capitalist society, allowing us to understand why capitalism perpetually goes into crisis, where inequality comes from, and what the alternative is. Read More

The State

For Marxists, the state is not at all neutral. We must understand the state’s real basis and strip away its mysticism by treating it historically - taking in its origins, rise, and eventual fall. Read More

Russia, Lenin, Trotsky and Stalinism

The Russian Revolution is the greatest event in world history for Marxists. Studying the events of 1917, and understanding why the Revolution degenerated into Stalinism, provides vital lessons for revolutionaries today. Read More

Anarchism

Anarchism is naturally attractive for those wanting to abolish capitalism. But only Marxist ideas can explain why bureaucracy and oppression exist - and how to overthrow the exploitative capitalist system. Read More

Feminism

Marxists are irreconcilably opposed to the oppression of women and fight determinedly for liberation and against discrimination. We believe this will be achieved through the class struggle - to abolish the oppressive capitalist system. Read More

Fascism

The madness of fascism expresses the historic crisis and dead-end of capitalism. But it could have been avoided if the working class had a united revolutionary leadership, prepared to take power. Read More

The National Question

Nations have not always existed, nor will they always exist in the future. Marxists are internationalists, fighting for world socialist revolution as the only way forward for humanity and our planet. Read More

Imperialism and War

Wars represent the sharp extreme of capitalism’s impasse. Imperialism, Lenin said, was the "highest stage of capitalism". As long as the profit system exists, there will be wars over markets and spheres of influence. Read More

Revolutionary History

All written history, Marx stated, is the history of class struggle. Our task is to learn the lessons from history in order to prepare for the revolutionary events taking place today and in the future. Read More

Revolutionary Strategy

Our aim is to spread the ideas of Marxism, in an organised fashion, amongst workers and youth. In order to do this, we must study the history and traditions of the working class. Read More

Join
Donate
Subscribe

OctoberRevolution2017 wide

Watch the video