Home / FAQs / Contact Us / Learning Log / Shopping Basket

Purpose and benefits

In the capitalist world human labour itself becomes a commodity. "Capital" , the major work by the social philosopher Karl Marx (1818–83), is a thoroughgoing critique of capitalism. Marx recognised the dynamics of the economic process, foresaw economic cycles, and developed a closed theory of economic activity. He was also the first economist to bring economics and history into relation with each other and "Capital" was the book in which he did it.