Political Economy

Capitalist Production The Commodity and Money. Marx began his analysis of capitalism with the commodity. Under capitalism everything, from a pin to a giant factory, and even man’s labour power, is bought and sold, taking the form of a commodity. The relations between people in society appear in the guise of relations between commodities. The … Read more

Pre-Capitalist Modes of Production. In this Article we shall deal briefly with the origin, development and collapse of the primitive-communist, slave-owning and feudal modes of production. 1. Primitive-Communal Mode of Production:- Life on earth began approximately 900 million years ago, while the first men emerged less than a million years ago. Here is how science … Read more

The Subject Matter Of Political Economy. Political economy is an interdisciplinary branch of the social sciences that focuses on the interrelationships among individuals, governments, and public policy. Political economists study how economic theories such as capitalism, socialism, and communism work in the real world. The Subject Matter Of Political Economy:- Knowledge of the world is … Read more