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Political Economy

From Political Economy to Vulgar Economics

The history of economic research came up as an independent science in the seventeenth century. However, that didn’t happen all of a sudden. Long ago since ancient times, the process of rudimentary conceptualization and formation of political economic ideas had begun cropping up. The ancient Egyptians, Greeks, Hindus and other peoples were already acquainted with such economic categories as commodity, exchange, money, price, loan interest, commercial profit, and others. There are very interesting ideas and data in ancient Egyptian papyri; the code of Hammurabi, the ruler of Babylonia; the Vedas of Ancient India; Homer’s Odyssey and other works of the ancient Greek poet; the writings of Xenophon, Plato, Aristotle and other philosophers of Greek antiquity, and so on. However, what the ancients knew about economic categories was just embryonic.

Book Reviews: 'The Value of Radical Theory - An Anarchist Introduction to Marx’s Critique of Political Economy' & 'Disassembly Required - A Field Guide to Actually Existing Capitalism'

Marxian economics

The Value of Radical Theory. An Anarchist Introduction to Marx’s Critique of Political Economy. By Wayne Price. AK Press. 190 pages. £8.95.

We often joke that anarchists know very little about economics and that what little they do know they got from Marx. US class-struggle communist anarchist Wayne Price seems to agree and has written  a short book to explain Marxian economics to his fellow anarchists.

An Economist on Marx

HISTORIC MATERIALISM AND THE ECONOMICS OF MARX, by Benedicto Croce. Geo. Allen & Unwin, Ltd. 5s. nett.

One of the advantages of being a University Professor, or a Lecturer at a College, is that one may write arrant nonsense and pass it off for great wisdom on the uncritical reader.

The net result of the various essays forming the above volume is to leave the student with the conviction that the elder Weller's statement can still be applied with force when he asked whether "it was worth while going through so much to learn so little." Words, words, words, my masters, but little of real ideas or thoughts represented by these words and still less of any real criticism of Marx's works.

Book Reviews: 'Reflections on Marx's Critique of Political Economy', & 'The Stone Canal'

Revisiting Marx

Reflections on Marx's Critique of Political Economy. Collectivities, Faridabad, India, 1997

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