/lit/ - Literature

>>17876687

-Per Smith, Ricardo, physiocrats et al., the familiar categories of the economy have distinct aspects (pic related). These can be compared and contrasted.

-Capitalism bad because capitalist extract profit from workers. Also >>17876696

-We can make up a little algebraic expression for how money, goods, services etc flow in an economy, and (ex)change into one another. "M-C-M' " for example stands for capital raised to put together a factory which produces commodities, which are then exchanged for new/different money (revenue, profit). In contrast, a barter economy not involving money would have transactions like C-C', and a modern financial economy can involve payment for particular financial products (investments, bank accounts, etc, not (immediately) involving any particular commodity): M-M'.

-Hey there's bonus content in volume 2 and 3 too, guys, about credit/debt, rent, etc. Also Grundrisse, Theories of Surplus Value etc if you're feeling very autistic. Ever read the MECW?

>he hasn't grokked Marx

>>12912569
Can you summarize quickly what exactly does this theory consists of and how did it bring man countries (which exactly?) to ruin?
>>12912575
>if you push modernity and capitalism far enough you'll find something of value on the other side
lolwut?

>>12331208

Yes, because I understand the historical process that went into the work. It is possible to read about a book and get a grounding for what you should know about before reading it, without actually reading the book.

t. has spent a few hours in a library going through a complete edition of the MECW, and watched a David Harvey lecture this one time. Capital isn't some novel you read for pleasure where you can jump in and just wing it. I'm not saying it's ridiculously hard either (I've paged through it enough to satisfy myself on that point), but you would do well to know the immediate historical background first, the endless drafting and re-drafting (from about 1858-64), what was going in in Europe at the time (Paris commune as one example, a few years after Capital) and across the pond as well (American Civil War), etc.