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Karl Marx
Das Kapital
Author: David Ramsay Steele
Narrator: Louis Rukeyser
Unabridged: 2 hr 55 min
Format: Digital Audiobook Download
Publisher: Knowledge Products, Inc.
Published: 02/03/2006
Category: Business & Economics
Synopsis
In his monumental work, Das Kapital, Karl Marx (18181883), tried to show that capitalism was both inefficient and immoral. His key to explaining capitalism is his labor theory of value, which he developed from ideas of Adam Smith and David Ricardo. Marx argued that all profit, rent, and interest are surplusvalue, obtained by paying workers less than the value of their products. He maintained that the living conditions of the workers always tend to deteriorate that competition automatically creates monopoly, and that the business cycle demonstrates the wastefulness of capitalism.