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Capital: A Critical Analysis of Capitalist Production

Capital: A Critical Analysis of Capitalist Production by Karl Marx

Karl Marx’s Capital: A Critical Analysis of Capitalist Production is a critical analysis of the political economy or the capitalist system. In this 3 volume work, he says that a capitalist economy can only survive by exploiting the working class. The concepts discussed in this book laid the foundations of the political doctrine that would later be known as communism.

This book has three volumes, the first volume is Marx’s critical analysis of the capitalist mode of production and how it’s effects on poor people. The second volume of Capital was subtitled “The Process of Circulation of Capital.” It contains his analysis of the marketplace, how value and surplus value are made and his views about what a capitalist or entrepreneur is. The last volume of the work was actually just a collection of notes by Karl Marx compiled by his close friend Friedrich Engels. There are seven parts in this volume which basically summarize the important points of the first two parts of the book. It’s the most read part of the book today.

Capital was very critical of the different principles of classical economics which was the prevailing school of thought at that time. It was published when Karl Marx already had a well established reputation thus provoking a big debate among academics after its release. The principles explained in this book had a big influence in the development of the communist doctrine.

This book was written in a academic way and is meant to be read by someone with a foundational knowledge of economics. Although, communism has long faded in the stage of world politics, this book is still a very important reference to people who study political science and economics or those who are just interested in knowing more about the different types of economies.

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Reviews (Rated: 4 Stars - 6 reviews)

Reviewer: - April 21, 2014
Subject: Marx
Actually, Marx's theories have never been debunked. We are now in the beginnings of a paradigm shift that began with the industrial revolution. Sociology, like evolutionary processes, takes time. But I have no doubt that the failure of capitalism (as it has already failed, the fall follows) will eventually be realized. Capitalism is archaic, it is the maladaptive vestiges of a parasitic social morality that has no place in a modern world.
Reviewer: - April 19, 2014
The inevitable collapse of capitalism is on its way, all worlds economy along in near future, far from Marx being stupid, just much before its time… stop blubbering and go do some math of this "divine" capitalism = primitive economy on evolutionary (jungle law) ground, except individual profit not much care on anything else, corrupting system on its way, and not having much in common with idea of human civilization.
Reviewer: - March 19, 2014
Subject: ET is from outer space
ET, many an economist has read and understood the work of Marx, but J is right. Marx was in process of the later works but they were not published as he was waiting for history to provide his content, aka, the inevitable fall of capitalism. This never happened, so he died a lonely man with his work debunked prior to it being published. I'd still encourage individuals to read the work of Marx, as well as classical liberal economists. You'll really get an idea of how stupid the hypotheses of Keynes and Marx are.
Reviewer: - January 3, 2014
Subject: J's wrong
Maybe if you actually read it you would understand that, as long as capitalism exists, Marx will never be archaic.
Reviewer: - August 30, 2013
Subject: Economics
I don't know why anyone would even care to read this archaic nonsense. Marx's economic blubbering has long been thoroughly discredited by all of economics.
Reviewer: - January 26, 2013
спасибо хороший сайт

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