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Discover the lives, theories, and contributions of the most influential economists in history and today. This section explores classical, neoclassical, Keynesian, and contemporary thinkers who have shaped economic thought and global policy. Whether you’re studying economics or just curious about the minds behind the markets, you’ll find detailed profiles, key concepts, and real-world relevance of each economist’s work.

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Chapter 5 – Contradictions in the General Formula of Capital – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 5 – Contradictions in the General Formula of Capital – Capital – Volume 1 – Karl Marx

Summary In Chapter 5 of Capital, Karl Marx critically examines the widely accepted assumption that surplus-value — the foundation of profit in capitalism — can be generated purely through the…
Posted by Ramon Cristian May 5, 2025
Chapter 4 – Capital Volume I The General Formula for Capital – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 4 – The General Formula for Capital – Capital – Volume 1 – Karl Marx

Summary In this chapter, Marx explains how capital emerges from the circulation of commodities. Initially, money appears as a result of commodity exchange, but when used to buy commodities in…
Posted by Ramon Cristian April 27, 2025
Chapter 3 – Money, Or the Circulation of Commodities – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 3 – Money, Or the Circulation of Commodities – Capital – Volume 1 – Karl Marx

Summary 1. Measure of ValueMarx explains that gold (chosen as an example of a money-commodity) acts as a universal measure of the value of commodities. This is possible because commodities…
Posted by Ramon Cristian April 24, 2025
Chapter 2 - Exchange - Capital Volume I - Karl Marx
Posted inEconomists

Chapter 2 – Exchange – Capital – Volume 1 – Karl Marx

Summary Chapter 2 of Karl Marx's Capital, Volume 1, titled "Exchange," explains that commodities cannot independently enter the market; they require human owners who establish social and economic relations through…
Posted by Ramon Cristian April 22, 2025
Chapter 1 - Commodities and money - Capital - Volume 1 – Karl Marx
Posted inEconomists

Chapter 1 – Commodities and money – Capital – Volume 1 – Karl Marx

Summary Chapter 1 of Karl Marx's Capital, Volume 1 explores commodities, highlighting their dual nature as both objects of use (use-value) and objects exchanged for others (exchange-value). Marx begins by…
Posted by Ramon Cristian April 18, 2025

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