Adventure

Karl Marx’s “Capital: Critique of Political Economy” (often referred to simply as “Capital”) is a foundational text in Marxist theory and economic critique. Here are five key lessons from the book: 1. Labour Theory of Value: Marx argues that the value of a commodity is determined by the amount of socially necessary labour time required to produce it. This theory critiques the classical economic view that value is derived from utility or market demand. 2. Surplus Value: A central concept in Marx’s work is surplus value, which is the difference between the value produced by labour and the wages paid…