Items related to The Present Economic System (Classic Reprint)
Synopsis
Understanding the Present Economic System and its Crises
This work explains how capitalism turns production into a system of surplus value and growth, shaping wages, work, and everyday life. It traces how the rise of factories, machinery, and capital transforms labor into a common economy of exchange and profit.
From the origins of commodity production to the spread of industrialization, the book shows how capitalists drive production for value. It explains why longer workdays, intensified labor, and new machinery push surplus value higher, and how this cycle can lead to economic ups and downs. The analysis stays focused on how systems of ownership and production influence prices, employment, and the risk of crises.
- How division of labor and the rise of the factory change how work is done
- The role of machinery, the steam engine, and mass production in shifting costs and value
- Why longer hours and intensified labor become common in pursuit of profits
- How periodic crises arise from over-production and shifting demand
Ideal for readers curious about how modern economies organize production, value, and risk.
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