Economics · Schools of Economic Thought
A topic within Schools of Economic Thought, itself one of 11 topics in that field and part of Economics.
2 works
Friedrich Engels
Distinguishes earlier utopian socialism, which appealed to reason and moral outrage, from Marx's, which Engels presents as a scientific analysis of capitalism's internal contradictions driving it toward socialism.
about 1.5 hours to readlink checked 17 Sept 2026Karl Marx
Profit under capitalism originates in surplus value extracted from labour rather than in exchange, and the system's own dynamics drive it toward crisis and concentration — a foundational critique still argued over by economists and historians alike.
Assumes Smith and Ricardo at least in outline, since Volume I is a critique that assumes its target is known
link checked 17 Sept 2026Notes on this copy