AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Marks, the Philosopher, the Economist
Marxian economics works in the tradition of Smith and Ricardo, even though Marx was critical of those who came before him. Marx attempted to understand the material substructure of civilization through economics by introducing jargony concepts like mode of production, factor of production, means of production, and more. It's important to understand these terms, especially mode of production, which is crucial to his historical materialism and the Russian revolution.