Introduction to Marxist Economy

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1. The Critique of Political Economy.
Critique of Economy and Marxist Economy
Classic political economy vs vulgar economy.
Economic categories as historical realities.

2. Marx´s theory of exploitation
Commodity, use value, exchange value, labour force, exploitation, surplus value, profit.

3. The dynamics of capitalist economy
Absolute and relative surplus value.
Marxist theory of crisis.
Long waves of the capitalist economy

Excerpt from: Ernest Mandel, 'An Introduction to Marxist Economic Theory'