Marxist economics
Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole
- Karl Marx
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Capitalism’s neverending crisis – Marx was right!
This week marked 158 years since the publication of Karl Marx’s Capital – a monumental work uncovering the inner workings and contradictions of the capitalist system. Here, we republish Adam Booth’s preface to the newly-released third edition of Understanding Marx’s Capital.
Will there be a slump?
In this episode of Marxist Voice, Nelson Wan explains Ted Grant’s article ‘Will there be a slump?’, and how the Marxist method allows us to understand capitalist crisis today.
What is the Labour Theory of Value?
In this episode of Marxist Voice, Joe Russell discusses Marx’s completion of the Labour Theory of Value.