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NBK Night School Session 2: Marxist Economics (What is Capitalism?)

  • Mayday Space 176 Saint Nicholas Avenue Brooklyn, NY, 11237 United States (map)

Karl Marx is perhaps most famous as a political propagandist and champion of the working class. But the revolutionary thinker also saw the deep analysis of the socio-economic system called capital as an essential part of the project of overcoming it. His Major work, Capital is one of the most thorough accounts of capitalism ever produced. But its sprawling length and fragmentary character have caused much confusion. For this reason, Capital has been as much a source of insight as controversy. Some have worried that the book reduces all matters to economics, with some concluding that it leads toward total pessimism.

This session aims to make the “economic Marx” easily accessible, presenting a short overview of some of the major arguments of Capital. We will also discuss the virtues and limitations of Marxian economics, asking which of its lessons endure today.

Readings:

Marx, Excerpt from: Wage-Labour and Capital: https://drive.google.com/file/d/1asJmioixEAp8a0tjlxaQh5XOtTJkYTIO/view

Mandel, Chapter from: An Introduction to Marxist Economic Theory: http://www.ernestmandel.org/en/works/txt/1967/intromarxisteconomic/2.htm

Recommended:

Video: History of Capitalism https://www.youtube.com/watch?v=J9wNiPfhPU4

Heilbroner: https://drive.google.com/file/d/1iUztis9whB1UHK2QegKSlq0pOPTVC8HI/view

Earlier Event: October 20
Currents in Leftist Thought