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.

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