Marx and Capital: The Concept, The Book, The History (audio) cover image

Lecture 1 - Capital as Value in Motion

Marx and Capital: The Concept, The Book, The History (audio)

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Capitalism and Contradiction

The role of the merchant capitalist is absolutely critical for the proper functioning of an advanced capitalist society. The periods in which capitalist production exerts all its forces regularly show themselves can be periods of overproduction. Workers are important for the market as buyers of commodities, but capitalism has a tendency to restrict them to their minimum price.

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