By George Catephores (auth.)
This textual content provides an straight forward exposition of the elemental rules of Marxist economics from the primary principles of Marx himself in the course of the reassessments made by means of next Marxian economists. The paintings is geared toward scholars of Marxist stories and similar courses.
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Extra info for An Introduction to Marxist Economics
Readers may, if they so wish, imagine that competition has worked such ravages among simple commodity producers as to make most of them bankrupt, bringing about the polarisation of a formerly homogenous society into two opposite classes, a small one which monopolises the means of production and a far larger one which finds itself excluded from productive resources. Historically, there is a component of that process in the formation of the modern proletariat, but it is dwarfed by other developments, not considered for the moment.
Apart from the purely aesthetic advantage of elegance and economy of thought, this procedure achieves certain important results of substance. On the one hand it emphasises, by contrasting capitalism with a more elementary market economy, the futility of attempting to reduce all capitalist relations to simple replicas of ordinary acts of exchange. The exploitative character of the capitalist system as against the non-exploitative nature of exchange in simple commodity production plays here the decisive 17 18 Commodity production and capitalism part.
The market is the only remaining social relationship in an otherwise atomised society. The social character of labour asserts itself there, because in exchange only so much of everyone's labour is rewarded, by the offer of someone else's commodities, as has been performed in accordance with proportions and norms implicit in the social structure of production. If too much labour has been directed to one sector, prices fall, and a part of the work done goes 22 Commodity production and capitalism unrewarded.