We will develop a basic account of capitalism, asking how it produces and distributes wealth. Our starting point will be Marx’s characterization of capitalism as a system in which workers are exploited by the owners of the means of production. We will define exploitation, and understand how it functions in a market to reproduce and increase capital.  

Required Reading

Marx and Engels, "Manifesto of the Communist Party"

(Just pages 1 - 21)

Recommended Reading

Marx, Capital, Vol. 1, Chapter 10 “The Working Day”; Chapter 15, “Machinery and Large Scale Industry”