Introduction to the Marxist critique of political economy

=== 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

Reading materials

• Friedrich Engels, "Introduction" to "Wage Labout and Capital" (Extract), 1891

• Karl Marx, Capital Volume 1, "Chapter Six: The Buying and Selling of Labour-Power" (Extract), 1867

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