Introduction to Marxist Economics (IBT)

The categories of "value" and "surplus value," exploitation, the tendency for the average rate of profit to fall, and the economic crises it engenders, all lay at the core of a Marxist understanding of economics and are inescapable features of the capitalist mode of production. The IBT’s video “Introduction to Marxist Economics” analyzes the fundamental metric of a capitalist economy (i.e., profit) and provides a good introduction to Marxist economics.