/lit/ - Literature

>>19028891
>If there is no link between LTV and prices then exploitation of labour is not the source of profit
wrong. it just means labour wouldn't be the sole source of value. and you still have to answer the question where profit actually comes from, especially when prices equilibriate
last I saw labour accounts for 93% of profits when you look at recent numbers. which is pretty fucking good as far as a predictor goes

>>18979716
>he thinks the petty bourgeois are working class

>>18979719
>not really, libs embody marxism
lol

>>18979838
you're talking about radlibs, not marxists

>>18979849
wtf I love president xi now

if you're interested in a scientific (materialist) understanding of political economy then Capital is a must-read, OP. before Marx classical political economy, with Smith and Ricardo, had served the interests of the bourgeoisie. with Capital Marx completely BTFOs bourgeois political economy, which is why porky has had to resort to idealism starting with Marshall. your typical idealist economist cannot, or will even outright refuse to, answer where for example equilibrium prices or business cycles come from, or why the economy crashes at least once every decade.

>>18648211
t. has read zero Marx

>>18648510
the first three chapters of vol 1 are an absolute beast, and is where most people give up. it gets better around chapter four. but yeah, reading Capital is a slog. the bile helps it go down easier.

>>18650096
Critique is good. I also recommend reading "Wage-labour and Capital" and "Value, Price and Profit". all three are not terribly long reads, about 30 pages each
https://www.marxists.org/archive/marx/works/1847/wage-labour/
https://www.marxists.org/archive/marx/works/1865/value-price-profit/
https://www.marxists.org/archive/marx/works/1875/gotha/