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Explore Karl Marx's foundational economic theory through this 33-minute lecture that examines his seminal work "Capital - A Critique of Political Economy." Delve into Marx's systematic analysis of capitalist production, labor theory of value, and the mechanisms of surplus value extraction. Understand the historical development of capitalism, the relationship between labor and capital, and Marx's critique of classical political economy. Analyze key concepts including commodity fetishism, the accumulation of capital, and the contradictions inherent in capitalist systems. Gain insights into how Marx's economic framework explains class relations, exploitation, and the dynamics of capitalist society. Study the methodological approach Marx employed in his critique of bourgeois economics and examine the relevance of his analysis to understanding modern economic systems.
