INTRODUCTION TO POLITICAL ECONOMY
Excerpts from the 1954 textbook Political Economy
by Economics Institute of the Academy of Sciences of the U.S.S.R.
INTRODUCTION TO POLITICAL ECONOMY by Economics Institute of the Academy of Sciences of the U.S.S.R.
Introduction to Political Economy is a collection of excerpts about Political Economy as written by the Economics Institute of the Academy of Sciences of the U.S.S.R. Covering topics such as commodities, wages, surplus value, and more, this introduction provides a basic explanation of why and how capitalism functions.
Political economy belongs to the category of the social sciences. It studies the laws of the social production and distribution of material wealth at the various stages of development of human society.
Chapter 4: Commodity Production. Commodities and Money
Chapter 7: Capital and Surplus-Value. The Basic Economic Law of Capitalism
Chapter 10: Rotation and Turnover of Capital
Chapter 18: Imperialism: the Highest Stage of Capitalism. The Basic Economic Law of Monopoly Capitalism