Is this the Das Kapital of our generation?

Ah. Got it, thanks for correcting my mistake. Running off to the book stores that dont exist to buy with money I dont have because the products I help make have their value stolen from me.

There's a good wageslave.

libgen.io/book/index.php?md5=DD0B27231F6E7CABEF184B616A59DAFE#

Here u go

filedropper.com/shaikhanwarcapitalism-competitionconflictcrises

Thanks, Ginjeet.

fucking user has apparently never heard of the Feynman technique. Look it up.

just go to mathisfun or simple wikipedia.

No. Das Kapital is the Das Kapital of your generation and every generation. Now stop being a lazy cunt and read, nigger.

what if you already read it doe

stop being lazy and learn based MATH homie

Then you read it again, until you come up with something to criticize and improve the theory. Scientific socialism, motherfucker, do you do it?

My point is that if you can't explain it in layman's terms, then you don't properly understand it. That's the Feynman technique. I use the Feynman technique when I want to learn something from time to time.

You've not read it but you know it's better than Das Kapital?

Sorry lad, but you can't escape having to read to understand things, unless you want to have the understanding of a child. You can't reduce complex concepts without reducing what your speech says, this is why books are so long, because they have to explain the entire reasoning leading to conclusions, at least the good ones.

true, but the math isn't what you need for understanding, anyone can dumb down a subject to the level of laypersons understanding, the point of math is to prove a economic theory rigorously and academically. Like when a computer scientist writes a mathematical proof that a certain algorithm is correct, or takes a certain amount of time/time complexity. This is needed to give a hardcore proof of leftist theory, i mean by that logic why should engineers go to school when any old person can understand how bridges work without any of that nasty calculus

this.

I can't tell if you guys are familiar with the Feynman techniqe, but I would google it if I were you. It's actually pretty brilliant. It was the technique that Richard Feynman came up with. He was a world-famous physicist.

I've heard that saying thousands of times and the character of whoever uttered it is irrelevant. You can be a world renowned politician and say the most stupid things about themes they know nothing of, but this is not the point.

The point is that this applying this to people is not a proper thing to do, books exist to be read, and masters just serve the function of explicating the explications already present, interpreting interpretation. Which is why it is preferable to go to the source of things rather than gain dumbed down understanding.

I could say more, but I don't want to thread slide. This thread is mainly about the book.

Based on the replies this seems like Capital but for super duper brainiacs

Depends. Is the author jewish?

Karl Marx was an atheist

hes pakistani-american

It's one of the most important econ books written since Das Kapital and Wealth of Nations.
Probably on the same plane as General Theory.
Definitely one of the GOAT econ books.

No read Sam William's critique:

critiqueofcrisistheory.wordpress.com

He is doing some of the best Marxist writing, possibly in the world, right now.

Hah I fucking wish man. They never thought me this shit for some weird reason, and I did the highest level highschool in my country.

if it was you didn't have to ask

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You're American too? They didn't teach me either.

Leftypol in a nutshell.

Das Kapital is the Das Kapital of our generation

Yess Anwar Shaik should be venerated as a Communist Indian god

But he's Pakistani

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Nation is a spook

khanacademy.org/math/linear-algebra
luckily you can learn free online, as long as you know high school algebra and maybe a little trig

Obviously I'm reading Kapital right now, and will read this afterwards.

My nigga

thats also a good blog, but blogs should be read as a supplement to actual books not as a replacement, sam does give a good overview of the history of marxist economics and crisis theories

thanks for the suggestion

what the fuck are you saying? I never ran into matrices until precalc

i learned matrix operations and systems of linear equations in alg 2.

Right but that's not the issue, the critique that Williams presents, respectful as it is, is damning enough that it shows that not only is Shaik's book not the "Das Kapital of our generation" but that personally I'd rather not waste the time reading it.

I don't agree with sam's critique of shaikh, it doesn't seem to be focused on his basic microfoundations or theories of finance, etc. but mainly on his MMT beliefs, Williams has an odd/outdated theory of money based on the gold standard/commodity fetish Marx gives in Vol. 1. I don't think this is applicable to the current day with fiat money (even though Williams does some gymnastics to justify why gold is still relevant after the point where almost every country has dropped the gold standard). The whole use of commodity fetish is dubious at best as its essentially an ironic application of Feuerbachs theory of religion to capitalism.

use this instead

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Yes.

Let's start with the perhaps the selling point of the book which is basically the attack on the notion of monopoly-capitalism in general. Shaik completely misinterprets Lenin's theory of imperialism as having a Walrasian and in fact the guys from Monthly Review were right that Lenin's theory merely "extended Capital" and that it was not compatible with Walras as it was. But Shaik paints with such a broad brush that he believes that the theories of the monthly review school and those of Lenin were the same. That is objectively false and you only have to look at the boxes the Monthly Review guys painted themselves in to see that these were not the same brand of political economy that could essentially be refuted with one stroke.

Even though Shaik acknowledges that monopoly and super-profit exists in certain cases I think its hilarious that his popularizers are running around claiming there's no such thing as monopoly power while Apple is hurtling towards a one trillion dollar market-value–putting one single American firm on a par with a major imperialist power like Russia.

So far Williams has uncovered numerous mistakes and incoherence in Shaik's work in his 7 part series such as his fallacious theory of interest rates.

This is actually a merit of Williams that puts him far above his critics. He's shown why the governments and central banks of major capitalist nations accumulate or claim that they have accumulated thousands of tons of gold instead of just dumping the said "worthless" or "outdated" metal on the market. He's also shown why capitalists seek refuge in gold and watch the price of gold despite being a "barbarous relic" in Keynesian parlance.

He's shown that the production of the money-commodity is integral to Marx's model of expanded capitalist reproduction as well as to his crisis theory. The mining of gold valorizes the money-commodity with human labor which allows it to act as the medium of exchange.

He's also shown that the gold supply forms a limit to the expansion of fiat currency because inevitably the market sees that the amount of fiat currency in circulation does not match up with what's in a nation's bank reserves or in the secondary gold supply. It forms a limit to liberal fiat currency expansion and provides an explanation for why the US government initiated the Volcker Shock to bring down the increasingly rapid and severe devaluation of the dollar against gold.

He also shown why conservative fiat monetarist approaches like that taken by Milton Freidman cannot work either.

I've yet to see anyone refute Williams central contention that to abandon Marx's monetary theory means reinstating Says Law into Marxist political economy either in an openly or in a veiled capacity.

I don't have an answer for you, but I will read both the book and williams blog again and get back to you. On another note, perhaps you should read the book itself and make your own conclusions and not judge it based merely on a blog post

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Then what is the Capital of the 20th century?

General Theory

Currently it's a tie between The Road to Serfdom and Atlas Shrugged.

Bump for interest

ancap detected