{"id":207,"date":"2019-01-15T15:39:28","date_gmt":"2019-01-15T15:39:28","guid":{"rendered":"https:\/\/wsm.prolerat.org\/?page_id=207"},"modified":"2026-03-08T23:00:58","modified_gmt":"2026-03-08T23:00:58","slug":"economics","status":"publish","type":"page","link":"https:\/\/www.worldsocialism.org\/wsm\/economics\/","title":{"rendered":"Economics"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-208 aligncenter\" src=\"https:\/\/www.worldsocialism.org\/wsm\/wp-content\/uploads\/2019\/01\/Economics_-1-300x179.jpg\" alt=\"\" height=\"229\" width=\"384\" srcset=\"https:\/\/www.worldsocialism.org\/wsm\/wp-content\/uploads\/2019\/01\/Economics_-1-300x179.jpg 300w, https:\/\/www.worldsocialism.org\/wsm\/wp-content\/uploads\/2019\/01\/Economics_-1.jpg 384w\" sizes=\"auto, (max-width: 384px) 100vw, 384px\" \/><\/p>\n<ul>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/economics-frequently-asked-questions\/\">Economics: Frequently Asked Questions<\/a>  <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/neo-liberalism-old-religion-repackaged\/\">Neo-Liberalism: Old Religion Repackaged<\/a><\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/why-profit-gets-priority\/\">Why profit gets priority<\/a><em>\u00a0A  straightforward explanation of why the profit motive is paramount in today&#8217;s society.<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/economists-not-on-this-planet\/\">Economists &#8211; not on this planet<\/a><em>Why economists present a narrow and misleading view of the world.<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/where-do-profits-come-from\/\">Where do profits come from?<\/a><em>A     clear definition of profit. How government statistics show that profit is made at the expense of the working class majority.<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/booms-and-slumps-what-causes-them\/\">Booms and slumps &#8211; what causes them?<\/a><em>In 1821, the highly respected bourgeois economist David Ricardo stated that     overproduction is impossible under capitalism. (1) Regular economic slumps have occured     ever since &#8211; and what has been their cause???<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/an-introduction-to-marxian-economics-1-the-labour-theory-of-value\/\">Introduction to Marxian     economics 1:     the labour theory of value<\/a><em>A summary of Marx&#8217;s explanation     of wages, prices, profit and commodities.<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/an-introduction-to-marxian-economics-2-the-rate-of-profit\/\">Introduction to Marxian economics     2: the rate of profit<\/a><em>Marx&#8217;s analysis of long term trends in     the rate of profit.<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/money-screws-you-up\/\">Money screws you up<\/a> <em>How the     market system take over our lives.<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/a-capitalist-criticises-capitalism\/\">A capitalist criticises capitalism<\/a><em>A review     of &#8216;The Crisis Of Global Capitalism&#8217; by George Soros.<\/em>   <\/li>\n<li><a href=\"https:\/\/www.worldsocialism.org\/wsm\/major-douglas-rides-again\/\">Major Douglas rides again<\/a>       (In Depth: Economics)<em>The revival of currency crankism.<\/em>    <\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.worldsocialism.org\/wsm\/analysis\/\">&lt; Back to Analysis<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economics: Frequently Asked Questions Neo-Liberalism: Old Religion Repackaged Why profit gets priority\u00a0A straightforward explanation of why the profit motive is paramount in today&#8217;s society. Economists &#8211; not on this planetWhy economists present a narrow and misleading view of the world. Where do profits come from?A clear definition of profit. How government statistics show that profit&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2059,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"magazine_newspaper_sidebar_layout":"","footnotes":""},"class_list":["post-207","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/pages\/207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/comments?post=207"}],"version-history":[{"count":6,"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/pages\/207\/revisions"}],"predecessor-version":[{"id":5687,"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/pages\/207\/revisions\/5687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/media\/2059"}],"wp:attachment":[{"href":"https:\/\/www.worldsocialism.org\/wsm\/wp-json\/wp\/v2\/media?parent=207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}