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/edu/ - Education

'The weapon of criticism cannot, of course, replace criticism of the weapon, material force must be overthrown by material force; but theory also becomes a material force as soon as it has gripped the masses.' - Karl Marx
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 No.10791

As the title says, I want to learn about economics from a capitalist perspective. Even if I learn economics from Marxist literature, which might be a truthful description of the matter, the terminology and ideas of capitalists themselves are still foreign to me. So which books should I read to get an understanding of economics from a capitalist standpoint?

 No.10793

>>10791
Forget bourgeois economics, that has been degraded into making excuses for capitalism, it has no predictive or explanatory powers. See the hole debacle where Samuelson just made up supply and demand curves. Complete bunk and they didn't realize or care about it for decades because what bourgeois economists do is uphold the ideological narrative. The only reason to learn that is to join the chorus of pseuds that get hired to sing the song the rulers want to hear.

I may be mistaken but i think the actual field that makes bourgeois economic structures run is called "corporate operations" maybe start with that. It's absolutely loaded with corporate speak, so be prepared to spend most of your time deciphering idiotic jargon.

About the capitalist standpoint, throw that out. Standpoint theories are rooted in idealism, you'll just make your self confused.

 No.10794

if you just want to understand jargon, investopedia is right there

 No.10796

What is it exactly about economics that you want to learn?

If you just want to see how economics is taught in colleges, pickup a popular economics textbook (ie. Mankiw, Samuelson). Since you posted Smith, let me point out that modern (neoclassical) economics and classical political economy aren't the same thing. If you study modern economics you probably won't even see Smith, not in a meaningful way. If you're looking to learn the ideas of classical economists like Petty, Quesnay, Smith up until Marx, I'd recommend this: https://www.marxists.org/subject/economy/authors/anikin/pre-marxian-economy.pdf
If you want to learn bourgeois economics in a non-retarded way you should try marxian economists who teach neoclassical economics. Or maybe you just want something specific, like finance and banking in capitalism?

 No.10797

>>10796
youre overestimating how economics is taught in even the most prestigious universities these days

 No.10798

>>10797
Has it really gotten that bad?

 No.10799

File: 1653621296536.png (414.55 KB, 1500x1042, le bait 2.png)

>>10793
>See the hole debacle where Samuelson just made up supply and demand curves.

explain lol

 No.10800

>>10791
imo history and anthropology are more valuable to understanding economics than the textbooks of bourgeois economists, which are only instructive insofar as they tell you what to do and say to succeed in a bourgeois economy, rather than explaining why and how money, commodities, and exchange works. So stick with Marx, and then "update" Marx (if you really feel like it) with some of the more recent anthropological ideas on the origin of money (doc related). Marx is pretty much 100% on point about Labor, Value, exchange, commodities, surplus, and modes of production, and is only *slightly* wrong when it comes the "barter myth" origin of the money commodity that he lifted from Smith, which is irrelevant to the rest of his ideas anyway.

 No.10802

>>10791
The usual recommended one by rightoids is "Basic Economics" by Thomas Sowell.
There's a lot to learn, a lot of useless jargon lmao. A college textbook on economics would be a good resource.

 No.10803

hijacking this thread, any books you'd recommend for exploiting the capitalist system?

 No.10804

>>10802
i should write a rightoid propaganda book and get grants from von mises and then just sneak commie propaganda and debunks into the footnotes lol

 No.10805

>>10803
>any books on how to be a capitalist

 No.10806

>>10803
Dad Kapital

 No.10807

>>10806
*das
Stupid predictive text

 No.10808

>>10804
I've unironically thought about how to get on the rightoid grift. There's so much money being given out, it's insane. My local ML org funds itself with 5 USD per member a month. We do miracles and move mountains with that money. Meanwhile, right wing orgs get thousands and they spend it on idiotic things and are barely noticeable.

 No.10809

>>10808
>>10804
Establish front groups for those sweet sweet grant megabux

 No.10810

>>10796
>>10800
Those sound like the best answers. Thanks.

 No.10812

>>10791
Steve Keen's Debunking Economics explain modern orthodox economics step by step in order to critique it from a post-keynesian perspective. It's pretty good. Just ignore the chapters on Marx.

 No.10841

>>10798
Not that anon, and I’ve got no first hand experience in graduate economics courses, but I’ve always seen the heterodox economics post-graduate people suggest nobody reads the old stuff. They treat it like a hard science, so they just read distillations and latest textbooks. “Economics” is a body of facts for them, so it doesn’t really matter the origin of the facts.

But as far as reading bourgeois economics I’d say just read the primary sources and some modern critical works. That is for the intellectual history. If you want you could read some shitty textbook for undergrads, just to see what/how they teach people, but that stuff is very dull. It just presents this accumulated tradition as so many facts and definitions. That stuff is designed for training more than anything, at least theoretically. It’s more like indoctrination, but the way textbooks are framed is often like an uncritical manual for the tools of a trade. Read the primary sources and you’ll see the original theorists explaining themselves, why they think producing knowledge in this way is useful, which gives you more opportunity to think critically about it. But even then there is a wider context which can seem opaque that required you to be interdisciplinary about it, you have to read history and even the biographies of some of these people to get why they might have believed the things they believed etc.

 No.11132


 No.11136

>>11132
What's this course about?

 No.11137

>>11136
Bourgeois economics explained by a bourgeois economist who dislikes neoclassical economics. Ha Joon Chang's book Bad Samaritans is also good.

 No.11138

>>11132
Oh that looks very interesting, thanks

 No.11141

>>11137
Man I love using Joon's work to get Liberals on the "Wait a minute, something doesn't seem right…" train.

 No.11144

>>10810
You might be interested in Ben Fine, he's a marxist professor who teaches neoclassical economics. He also wrote a book explaining Capital but I haven't checked it out.

 No.11163

>>11144
niceu

 No.11277

>>11132
I watched all the lectures. Very interesting. I liked it very much, because it described the perspective of different schools of thought and managed to criticize capitalism without being heavy handed with anything related to Marxism, which I presume would scare away liberals. Yet it still describes the falsehoods and deficiencies of the current economic system(s).

 No.11287

>>10791
OP you can just read Smith, Ricardo and Keynes. I plan on doing it one day, but taking a break after finishing Volume 3.

Everything else as pointed out in this board, is ideological - the above are too, but they are giants nonetheless.

I would probably join a Keynes reading group of The General Theory, maybe Ricardo too. After seeing passages of Smith I really don't enjoy his writing, its more technical than Marx's and less insightful.

 No.11288

>>11287
Also since I want to read Shaikh's Capitalism I need to go through an undergrad book of microecon, it's not hard by any means if you don't follow a graduate text - the one I flipped through looked like a graduate text on number theory in the first few chapters and the problem sets were not easy - just a necessary slog to understand the field.

 No.11323

>>11144
Just started reading macroeconomics and I‘m pretty delighted. Exactly what I was looking for. His (or their) writing style is very informationally dense and it can be difficult to keep up with all the presented notions, but it was pretty much what I was looking for. Presenting different schools of thought, going into the historical development and the shortcomings of the status quo.

 No.11338

Thomas Piketty

 No.11898

>>10793
Martin Luther once said: “if you want to change the world pick up your pen and write”; in order to be financially comfortable so one can spend the whole day reading and writing, one has to play the game and understand it— by owning assets (real estate, value stocks, government bonds) that give cash flow.


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