Difference between revisions of "Economics"

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(kinda naff but im not an economist lol. i wanna become a historian)
 
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Economics is the social science that studies the production, distribution, and consumption of goods and services. [1] [2]

Marxist Economics[edit]

"In Marxist theory, the inevitable fall in the rate of profit would lead to a fundamental crisis in capitalism and then to revolution; but in the fully developed Marxist-Leninist theory, late 19th-century European capitalism sought to avoid this problem of falling profits and to avoid its inevitable fate and destruction, by seeking new and overseas sources of economic exploitation: in essence by exporting capital abroad. According to this Marxist-Leninist viewpoint, fully mature industrial capitalism was necessarily forced to export more and more capital; and the export of capital to underdeveloped regions was itself, ipso facto, a form of Imperialism, with or without outright political and military control of such regions receiving these capital exports." [3] - Prof. John H. Munro

List of Marxist Economic books[edit]

Liberal Economics[edit]

References[edit]