/lit/ - Literature

All I see are marxian concepts introduced in to economics then everyone pretends a marxist wasn't an important economist. The only rebuttals I see "dude read basic econimics" but marx went well beyond basic economics and helped define basic economics as it is today.

The only other rebuttals are usually done by some shitty economist who ignores the tendency of capital to become concetrated or how labour and capital interact. In fact its usually just "but venezuala"

Also no boomer replies please

How do I put marxists economics into practice?
The example of the yarn being turned into a shirt is simple enough.
But what about something more complicated?
How would i get the value of an iphone?
The labor that went into would be from multiple people, the designers, the engineers,marketing, etc...
And then it'd be mostly done by machines.
So anyways, let's say the factory machines were worth 2 million dollars and the labor cost of all those employed was 2 million dollars plus the price of the commodities used to make the iphone.
Then the value of the iphone would be a little over 4 million dollars...

Have any of you ever read the original text from Marxes "Capital"? Please give me your impressions. How long does it take? Is it really hard? does it worth?

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